KATHMANDU: A seminar on “Investment Opportunities in Hydropower Projects in Nepal” was held at the Embassy of Nepal, Beijing on Friday.

The program brought together potential Chinese investors as well as senior officials of three hydro power-related companies of the Government of Nepal for interactions on facilitating Chinese investments in Nepal’s hydro-power sector.

More than eighty participants including representatives of the National Energy Administration of the People’s Republic of China, and public and private sector companies, as well as government officials and media persons participated in the event, according to a statement issued by the Embassy of Nepal in Beijing.

Minister for Energy, Water Resources and Irrigation Barsha Man Pun sent a message saying that there are ample opportunities for investment and cooperation in power sector development in Nepal, and invited Chinese investors in the development of the country’s hydro-power projects.

In his opening remarks, Nepali Ambassador to China Leela Mani Paudyal said that the year 2018 is a year of new beginnings in Nepal after the successful conclusion of three tiers of elections, paving the way for political stability and good governance, read the statement.

Highlighting the Nepal Government’s policy on attracting foreign investment, he called on Chinese companies and entrepreneurs to utilize the opportunity for investing in Nepal’s hydropower sector by taking full advantage of its enormous possibilities and the government’s favorable industrial and investment policies.