Nepal ready to welcome Bangladeshi investments


22nd June, 2019 10:16:51 printer

Nepal ready to welcome Bangladeshi investments


Nepal will welcome all kinds of private and public sector investments from Bangladesh, said its Energy, Water Resources and Irrigation Secretary Dinesh Kumar Ghimire on Saturday.

He conveyed his country’s message to Bangladesh when he met State Minister for Power, Energy and Mineral Resources Nasrul Hamid at his Baridhara residence.

Dinesh Kumar came here leading a Nepalese delegation to attend the joint working committee meeting on Bangladesh-Nepal power development cooperation held in Cox’s Bazar on June 21.

The Nepalese secretary informed that the Himalayan nation will provide all kinds of cooperation to Bangladesh to boost the trade and business between the two countries, said a Power, Energy and Mineral Resource Ministry press release.

He said both the nations need to explore new areas of cooperation.

Dinesh Kumar also invited Nasrul Hamid to join the Saarc Energy Ministers’ Meeting in Nepal scheduled to be held in the second week of August.

He congratulated the state minister for getting the charge of the ministry again following the December 30 general election.

Informing the Nepalese secretary of different ongoing development projects in the country’s infrastructure sector, Nasrul Hamid said Bangladesh has created a huge investment opportunity. “For these projects, Bangladesh needs huge electricity. We’re keenly interested to import electricity from Nepal and Bhutan,” he said, adding that this electricity even could be brought to the country through investing abroad.

He said some Bangladeshi private enterprises are showing their keen interest to invest in Nepal’s power sector.

Managing Director of Nepal Electricity Authority Kulman Ghishing, Joint Secretary of Nepal’s Ministry of Energy, Water Resources and Irrigation Probin Raj Areial and Nepalese Ambassador in Dhaka Dhan Bahadur Oli were also present.

The working committee meeting on Bangladesh-Nepal power sector cooperation in Cox’s Bazar discussed different issues on two nations’ cross-border electricity trade, hydropower sector development by Bangladesh private sector investors, import of 500 MW hydropower from Nepal and cooperation on development of solar home system in Nepal.