Section 4
Strategies
The following strategies shall be pursued to accomplish the aforementioned objectives of hydropower development.
4.1 To extend hydropower services to the rural economy from the perspective of socio-equity with the realization of the fact that development of power sector, having a direct concern with agricultural and industrial development, is a pre-requisite.
4.2 To pursue investment friendly, clear, simple and transparent procedures so as to promote private sector participation in the development of hydropower, also taking into account internal consumption and export possibility of hydropower.
4.3 To implement small, medium, large and storage projects for hydropower development focusing on national interest, environment protection and maximizing benefits in the development of water resources of Nepal.
4.4 To develop hydropower projects by attracting investment from private sector as well as from governmental sector, as required, and through joint ventures of government and private sector for the promotion of hydropower development.
4.5 To make the river basins of specific rivers as the basis of development and management of water resources in order to achieve maximum benefits from the utilization of water resources of Nepal.
4.6 To pursue a strategy of bilateral or regional cooperation in the hydropower development sector taking into consideration the feasibility of hydropower in Nepal and the demand of electric energy in neighboring countries in view of the fact that development of hydropower in Nepal supports not only the domestic but also the regional economy.
4.7 To adopt a broader perspective on national development in the context of macro-economy in developing and managing hydropower in line with the concept of developing water resources in an integrated manner.
4.8 To minimize the potential risks in hydropower projects with a joint effort of government and private sector, and to make provisions for allocating the non-mitigable risks to either the government or private sector based on their capability to bear the risk at the lowest cost.