HCS: 2017: Inaugural Session: Peng Wei, Counselor, Chinese Ambassador

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Chinese government has actively promoted economic and technical developments in Nepal, such as construction of roads, airport, hospitals and schools, among others. Nepal also became the founding member of the Asian Infrastructure Investment Bank a year ago. We believe that all these initiatives will improve the infrastructure conditions and promote energy development in the country which will play a crucial role in boosting the economy and (business) environment of Nepal.

HCS 2017: Inaugural Session: Mahendra P. Lama, Senior Expert, Institute of South Asian Studies, Sichuan University;

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Finance and investments have been forthcoming with institutions and special-purpose vehicles such as AIIB coming forward. Whereas, funds from organizations such as ADB, JICA, UN, World Bank along with private funds are going to be key in trade and investment. There are three critical issues to be considered. These initiatives will be India’s and China’s most effective entry and durable presence into the geographies, societies and economies of this region. It could change the entire matrices of cooperation in South Asia and could trigger a “new regionalism”.

Energy promotion in Nepal

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The Alternative Energy Promotion Centre (AEPC) has worked in close partnership with the leading donors Denmark and Norway for almost two decades. Several other donors have been part of this partnership, significatly increasing the share of renewable energies in the total energy-mix.