Harnessing Nepal's Hydropower for Energy Starved South Asia

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The world's second richest country in inland water resources with as many as 6000 rivers, rivulets and tributaries, Nepal can meet not just its own electricity needs, but also serve energy hungry neighbors like Bangladesh and India. Yet, Nepal's 30 million people and most of South Asia's 1.7 billion people remain starved of electricity.

At the recently held Spring Meetings in Washington DC, IFC CEO and EVP Jin-Yong Cai told Nepal Finance Minister Ram Sharan Mahat that IFC is keen to support hydropower projects that will generate enough electricity to cater to domestic demand and help the country earn much-needed foreign-exchange revenues from exporting power.

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