Open AccessDiagnosis of Challenges and Scrutinization of Opportunities in Regard to Harnessing of Hydropower Potential in Nepal
Author(s) -
Tejaswi Sharma
Publication year - 2020
Publication title -
international journal of innovative science and research technology
Language(s) - English
Resource type - Journals
ISSN - 2456-2165
DOI - 10.38124/ijisrt20may188
Subject(s) - hydropower , business , repatriation , financial risk , investment (military) , risk management , per capita , natural resource economics , environmental planning , finance , economics , geography , engineering , political science , population , demography , archaeology , sociology , politics , law , electrical engineering
Nepal is a naturally blessed hydro-resources rich country with one of the highest per capita hydropower potentials in the world, yet hungry of economic enhancement through hydropower development. This paper emphasizes on challenges in this sector, mainly technical and investment (financial) challenges, among many, for not being fully able to harness this sector. Among the technical challenges, fragile geology, hydrologic variability, high rate of sedimentation, difficult terrain with dispersed settlement, stringent environmental concerns, lack of policy interventions in hydropower development etc have been the major obstacles to overcome. Similarly, regarding financial challenges, constraints in mobilizing funding from Financial Intermediaries (FIS), foreign exchange risk, repatriation risk, sovereign risk (country risk), payment risk, construction risks (time and cost overrun), hydrological risks, local level disputes and risks need to be conveniently addressed to.