Kathmandu: President Ram Baran Yadav
Sunday underlined the need to harness Nepal`s abundant water
resources for economic prosperity as he inaugurated the
centenary programme of the Pharping Power project, the first
hydro plant in the country.
Chandra Shumsher Rana, the Prime Minister of Nepal,
had established Pharping Power House with the capacity of
generating 500 kw power on the outskirt of the capital in
A week-long programme is being organised to mark the
centenary of the Pharping Power House, the second oldest power
house in Asia, from May 23 to June 2.
Yadav said the country should not make any delay in
harnessing the abundant water resource at its disposal for
Amid the political deadlock over the extending the
terms of the Constituent Assembly beyond May 28, he asked the
parties to create an atmosphere of trust. He underlined the
need for political stability to move the county on the path of
Prakash Sharan Mahat, the Minister for Energy, said
the government has formulated a 20-year plan to generate
25,000 MW electricity.
Even as he was encouraged by the growing interest of
foreign and domestic investors? in the hydropower sector, the
minister warned that government plans could only materialise
if a favourable environment is created in the country.
The government is planning to develop Pharping Power
House as a `Living Hydropower Museum` and an attractive
tourist spot by renovating it and developing the surrounding
A silver coin and postage stamp will also be issued to
commemorate the centenary of the power house.
The government has prepared a master plan to develop
the area as a historical site as well as a tourist spot.