Hydropower Investment through Online Starts

January 10, 216: Investors willing to invest in hydropower projects now can invest through online by filling up commitment letter including amount to be invested. The Ministry of Energy (MoE) has started a new website www.moenonline.moen.gov.np for the purpose. Energy Minister Janardhan Sharma inaugurated the website on January 9.

The website allows interested individuals from inside or outside the country or companies can make investment commitments on lump sum or annual basis. As per the investment commitment, the amount will be invested on storage-type or picking-run-of –river (PROR) hydropower projects that can be constructed immediately.

Speaking at a press conference at the ministry, Sharma informed the portal will help investors to know about the projects that will be constructed by their investments. He further added that the profit can be obtained through the invested projects.