'Renewable Energy and Energy Efficiency Bill' will be tabled in Parliament within a month: Basnet

Kathmandu: Minister of Energy, Water Resources, and Irrigation, Shakti Bahadur Basnet, has announced preparations to table the 'Renewable Energy and Energy Efficiency Bill 2080' in the parliament within a month. He made this announcement during the 27th anniversary of Alternative Energy Promotion Center (AEPC) and celebration of International Clean Energy Day on Friday.

Emphasizing on the comprehensive nature of renewable energy and energy efficiency, Minister Basnet stated that the ministry is preparing the draft of the bill to encompass all forms of renewable energy, aiming to not limit the scope of renewable energy in Nepal.

Regarding Nepal's commitment to carbon emission reduction and its dedication to sustainable energy development, the government has expressed seriousness towards promoting renewable and clean energy. Minister Basnet stressed the crucial role of the AEPC has played in the development of renewable energy and emphasized its future effectiveness.

He urged the private sector not to be disheartened by the government's encouragement towards renewable energy production, emphasizing that subsidies alone cannot motivate the private sector, and their participation is essential for the country's progress.

Gopal Prasad Sigdel, Secretary of Ministry, announced the renaming of the Alternative Energy Promotion Center to the 'Renewable Energy Promotion Center,' highlighting the government's ongoing efforts to achieve 100% electricity access in Nepal within the next two years.

Additionally, Dr. Prabhu Budhathoki, member of the National Planning Commission urged for constructive suggestions regarding the five-year periodic plan being formulated for the renewable energy sector, emphasizing the need for technological advancement to expand energy access in the future.

During the program, Sarita Dawadi, Secretary of the Water and Energy Commision Secretariate, highlighted AEPC's significant role in expanding energy access to remote communities over the past 27 years.

Executive Director Nava Raj Dhakal of AEPC highlighted the organization's contribution to expanding energy access through collaborations with the government, development partners, and the private sector. He also noted the increase in energy mix from 0.015% to 3.89% achieved by AEPC.

British Ambassador to Nepal Rob Fenn expressed the UK government's readiness to support Nepal in its hydroelectric development, considering hydropower as a game-changer for Nepal's prosperity.

Same as, Guna Raj Dhakal, Chairman of the Renewable Energy Confederation, acknowledged the substantial contributions made by the private sector to the development of renewable energy in Nepal, despite the government's lack of encouragement. He also pointed out the risk of skilled personnel migrating abroad, leaving achievements behind.

In recognition of their 20 years of service, AEPC's Directors Dr. Surya Kumar Sapkota and Rudra Prasad Khanal, Senior Officer Santosh Rai, Administrative Officer Sabita Aryal, and Driver Surya Syangtan were honored with long service awards during the event.

Moreover, Simple Energy Pvt. Ltd., Khimti Rural Electric Cooperative, and Bencher Vest to Energy Pvt. Ltd. were awarded the Suprabhat Renewable Energy Award for their contributions to the renewable energy sector. The "Suprabhat Smriti Akshayakosh" was established in memory of Suprabhat Smriti Akshayakosh, who lost his life in a tragic accident on Ashwin 29, 2073 BS.

It was announced that this award would be presented annually to organizations that have significantly contributed to the development of renewable/alternative energy and improved community livelihoods in Nepal.

AEPC's Contribution reached 85 MW in National Energy Production: Dhakal

Executive Director Nava Raj Dhakal stated that AEPC's contribution to the country's energy production through renewable energy amounted to approximately 85 MW. He also mentioned that around 3.6 million households have benefited from this electricity.

AEPC has generated revenue of around USD 32 million from carbon credits so far, and an additional USD 49.2 million has been approved by the Green Climate Fund (GCF) for further income generation.

In the economic year 2079/80, AEPC presented a progress report on renewable energy and energy efficiency, emphasizing the importance of energy access and clean cooking for all in Nepal's development trajectory. The discussion also highlighted the necessity of international funding sources for climate and carbon finance management.

Over 300 participants from various ministries, departments, agencies, national and international development partners, non-governmental organizations, active companies in the renewable energy sector, experts, banks, and financial institutions participated in the program.