Nepali Congress President and former Prime Minister Sher Bahadur Deuba stressed the need to create a conducive environment for both domestic and foreign investors to confidently invest in Nepal.
Addressing the 23rd annual general meeting of Independent Power Producers' Association, Nepal (IPPAN) in Kathmandu on Tuesday, he emphasized the importance of simplifying investment procedures for all. He mentioned that while the government is responsible for the consumption and trade of generated electricity, private sector participation is essential.
"Currently, the government handles electricity production, consumption, and trade, but private sector involvement is crucial," Deuba said, "We must create an easy and accessible investment environment for all investors. Investors should not face unnecessary hurdles."
He further said, "Both domestic and foreign investors should feel secure while investing in Nepal. I’ve heard that share issuance (IPOs, FPOs) has been halted, but the Securities Board of Nepal (SEBON) will soon proceed with it—this should not be blocked. Energy is Nepal’s vital natural asset, and we must harness it for the prosperity of the country. Focusing more on green energy will benefit us."
Meanwhile, Deuba also attributed Nepal’s economic and social progress to the country’s liberalization and privatization policies.
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