'Nepal could take a lead in hydrogen energy development'
Source: https://thehimalayantimes.com/business/nepal-could-take-a-lead-in-hydrogen-energy-development
By: Rastriya Samachar Samiti
Minister for Energy, Water Resources and Irrigation, Pampha Bhusal, has said Nepal has the potential of taking a lead in the development of green hydrogen in the world. Inaugurating 'Nepal Green Hydrogen Summit' on October 11, 2022 the minister said Nepal has abundant potential for green hydrogen production and its export. The event is jointly organised by the Energy Ministry, Ministry of Finance, MIT Group Foundation and Global NRN Foundation. "Commercial use of hydrogen is the result of latest innovation. Its trade has not been eased yet. The government aims to promote the use of hydropower, increase per capita power con- Naresh Shrestha sumption and use it for production of hydrogen energy, and ammonia and urea fertiliser production, according to the minister, who on the occasion shared that a feasibility study towards that end had been carried out already. "The Nepal Electricity Authority and the Korea-based Global Green Growth Institute have signed a memorandum of understanding for the development of hydrogen energy. " She added the development of agricultural, tourism, industrial and hydropower sectors was the priority of the government as it was effortful to meet the SDGs by 2030 and realise the national goal of upgrading the nation to a middle-income country by 2026.