US ambassador to Nepal Peter
Bodde invited the American investors to invest in hydropower in Nepal.
Hosting a conference call with US
businesses yesterday, he gave an overview of the economic and business climate
in Nepal and then took participants’ questions, including queries about hydropower
summits in Kathmandu – that is slated for next week – and how the US Embassy
can assist American companies investing in Nepal.
The envoy also discussed opportunities
in the hydropower sector in Nepal with a dozen participants, representing
industries including energy and infrastructure joined the call, including some
with a history of investing in Nepal too.
“Although challenges remain, ambassador Bodde
pointed out that Nepal has huge hydropower resources but very less of the potential
has been developed. He also emphasised that the US Embassy stands ready to
assist American companies interested in investing in Nepal.
In the closing of the conference
call, Bodde noted that Nepal has enormous hydropower potential and the time to
engage with is ‘now’.
Many American companies, on
the occasion, have expressed interest in investing in hydropower in Nepal.
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