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Nepal has one of the most expensive power tariffs in the world despite having
the huge free water resources, favourable terrain for its production and
all kinds of human resource available in the country. This is due to no other
reasons than the financial irregularities continuously present in the government
and corporate systems in the country.
Energy is the key input for technological, social and economic development
of a nation. The energy supply and demand characteristics have a great role
to play in order to attain sustainable development in the country. Thus, meeting
Nepal's current energy demand would help foster higher economic growth. Energy
demand increases not only due to the increase in population but also due to
the people's access to new utilities in the market. As the rate of globalisation
has a quick impact in technology development, the most affected sector due
to growth and globalisation is the energy sector and Nepal can not be its exception.
Despite endowed with huge natural resources, Nepal has not been able to tap
its vast energy resources for the benefit of the country.
In Nepal, with an increase in population, agricultural and industrial activities,
the demand of energy is also increasing. However, Nepal has one of the lowest
percapita energy consumption rates (14.06GJ) in the world. Less than one third
of population has access to electricity and in the rural areas, where most
people live, access is much lower. According to recent report of the Asian
Development Bank (ADB), the demand for power in Nepal has increased steadily
with an annual average growth rate of 8.5 % over the past decade, and is estimated
to grow at least by 7.5% annually until 2020. However,
One of the most talented artists to emerge from Toronto - Prabin Sharma's video is back by popular demand. This was shot right here in Toronto, Canada in an apartment in 240 Wellesley Building. Enjoy and leave your comment!!
