Government Allocates NPR 50.74 Billion Budget for Energy Sector Development

The government has allocated a budget of NPR 50.74 billion for the development of the energy sector for the upcoming fiscal year. Finance Minister Barshaman Pun announced this during the budget presentation, emphasizing the importance of the energy sector in the nation's development plans.

Minister Pun outlined several key objectives, including the advancement of reservoir-based projects, expanding electricity access, and increasing electricity consumption. To achieve these goals, a substantial budget of over NPR 50 billion has been allocated.

This initiative aims to enhance the infrastructure and capacity of the energy sector, ensuring a reliable and widespread electricity supply across the country. The budget allocation reflects the government's commitment to prioritizing energy development as a cornerstone of economic growth and sustainability.

The emphasis on reservoir-based projects and increased electricity consumption is expected to drive industrial growth and improve the quality of life for citizens by providing consistent and affordable energy. The government's investment in the energy sector is a strategic move to support long-term economic stability and development.