Understanding energy crisis in nepal: Assessment of the country's energy demand and supply in 2016

Abstract

The world is facing an enormous challenge to provide sufficient quantity of clean energy to its burgeoning population. Energy is a fundamental asset for enabling socio-economic development and poverty eradication in any country. Nepal has been suffering from the chaotic energy crisis for about a decade now despite having a potential for generating 43,000 MW of hydroelectricity, 2,100 MW of solar power, and 3,000 MW of wind power. A normal life of its citizens is being crippled with long hours of load shedding and never ending queues in front of the gas stations reflecting the state of the energy-hungry country. This paper gives a perspective on the energy crisis in Nepal in order to point out how serious the problem is and also presents some ways how to obtain an immediate relieve through the use of green energy commodities. In addition, the strategic advantages to potential investors are explored that encourage investments into national priority projects facilitated by the progressive policies of the Government of Nepal.