Former Chairperson of Non-Resident Nepali Association (NRNA) Shesh Ghale has pledged to invest in the production of green hydrogen in Nepal.

Ghale's MIT Group, also the main host of the 'Nepal Green Hydrogen Summit-2022' underway in the federal capital since Monday, has made preparation to invest in green hydrogen.

Talking to RSS today, renowned entrepreneur Ghale shared that his group is investing on the manufacturing of green hydrogen, which is being increasingly used across the globe as an alternative source of energy.

Preliminary works are being carried out for the intervention, he informed. Though there are policy gaps for investment in green hydrogen production now, it would be gradually resolved, he claimed.

Ghale further said that they are investing in the new area of green hydro with social responsibility when the snow-capped mountain that are the sources of livelihood for two billion people in the world are melting and snow rivers are also facing problems.

Ghale said he and his team had developed the idea of flowing investment in advancing alternative source of energy during COVID-triggered lockdown. "Nepal can be a hub of green hydrogen. Let us join our hands to open up this opportunity from today onward". Availability of energy has gradually increased in Nepal. Officially the total production capacity of hydropower project has reached 2,300 MW.

Nepal can produce green hydrogen from clean water available in the country by utilizing electricity power, he said, adding they have come up with the plan to produce and export green hydrogen as an alternative energy to the global market.

He also emphasized that beside hydrogen, production of ammonia and urea is also possible however study to that end is underway.

It may be noted that Nepal had expressed its commitment to become carbon neutral country by 2045 in the COP-26 last year.