RAMESH PRASAD BHUSHAL
Within one and half month of his tenure, Energy Minister Gokarna Bista has brought about some revolutionary changes in the country’s power sector . Breaking the political appointment system, Minister Bista established a new mechanism of appointing the Nepal Electricity Authority (NEA) Managing Director on competitive basis. Many believe political appointments are a major hindrance to development of NEA. Apart from this NEA’s financial status is pitiful with cumulative losses standing at Rs 20 billion. Minister Bista also turned another stoneby resolving financial matters for Upper Tamakoshi hydro project (456 MW) worth about Rs 32 billion. Bista now has numerous proposals at hand. Lately, he signed a memorandum of understanding with Employees Provident Fund (EPF) worth Rs 16 billion for construction of four hydro projects of nearly 200 MW under the Chilime Hydropower Company— an NEA subsidiary company. A new institution — Hydropower Development and Investment Public Limited Company with proposed capital share of more than Rs 30 billion— specifically for investment in hydropower is all set to take off. He Spoke to Ramesh Prasad Bhushal of The Himalayan Times.