Posted by: o_o June 8, 2006
India wants power from Seti
Login in to Rate this Post:     0       ?        
It really baffles me!! Our country stands as the second richest country in hydro-electricity. With such a huge demand in energy, what is Nepal doing to reap the benefit of the situation? Yes, I agree that electricity cannot be transferred thousands of miles like oil but neither should it be. Looking at the strategic position of Nepal between two of the worlds fastest growing and energy gobbling economy, it is a pity that Nepal is not being able to exploit the situation. It is a given that in any day 30-40% of chinese industries are being closed down at least couple of hours a day due to the lack of electricity. Why can't the dumb*$$ES in Nepal see the potential? With oil poised to stay at its current price for at least next 5-7 years, isn't this the right moment to be taking some action? Isn't it time for Nepalese government to loosen the restrictions on foreign investments? I think that time is gone when foreign investments are viewed as a takeover of national freedom. Recently GE announced an investment in India worth over $1 Billion to generate electricity. Just imagine what an investment even half that magnitude do to nepalese economy! The more I broode over it the more frustrating it seems.
Read Full Discussion Thread for this article