ADB adopts policy to promote PPP to address energy crisis
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KATHMANDU, Feb. 6: The Asian Development Bank (ADB) adopted a policy of promoting the Private–Public Partnership (PPP) to construct micro-hydropower projects and development of alternative energy in Asia and the Pacific Region to address the existing energy crisis.
As per the programme, the ADB would provide additional economic and technical assistance to the organizations that are working in the sector in the countries concerned for skill enhancement.
During the ´International workshop on sharing Business Models and Scaling-up of Mini-grids in Asia and the Pacific´ jointly organized by the Alternative Energy Promotion Centre (AEPC) and the ADB here today, ADB expressed commitment to provide support in poverty alleviation through energy.
Representatives of private banks in Nepal, programme coordinator of the AEPC, energy experts of different 10 countries including India, Bhutan, Bangladesh, the Maldives, the Philippines, and Thailand have been participating in the workshop that will be concluded on Thursday.
During the workshop, different country representatives have discussed the efforts in the energy development sector in the Asia-Pacific region.
Also, the two-day meeting would hold discussions how could the private sector be attracted, said Executive Director of the Centre, Prof. Dr. Govindaraj Pokhrel.
Similarly, Keshav Prasad Bhattarai, Secretary at the Ministry of Science, Technology and Environment, said Nepal has been investing for the promotion of hydropower and alternative energy keeping the sector in high priority to resolve the energy crisis in the country.
Danish Ambassador to Nepal, Morten Jespersen, said the energy crisis would affect the economic productivity and that the alternative energy should be promoted in the rural areas as well.
Director of the UNDP Country Director in Nepal, Soko Nada, said the base for economic and social development was energy and that the UNDP has been providing necessary support in the economic and technical sectors.
Priyantha Wijayatunga of ADB Office in Nepal and climate change expert Jiwan Acharya said the bank has taken the policy to promote micro-hydropower projects and alternative energy by encouraging the PPP
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ADB Adopts Policy To Promote PPP To Address Energy Crisis
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