Nepal's joint council with Czech Republic to boost power investments

Nepal and Czech Republic have agreed to form a joint economic council to boost bilateral trade and investment opportunities between the two countries, including electricity.


During the meeting with Finance Minister Barsha Man Pun Thurday at his office, the visiting Czech assistant minister for Environment Ivo Hlavac agreed on forming a joint economic council.

Formation of joint economic council is a good to start for joint projects, he said, showing interest on investment on electricity, water and sanitation management of big cities like Kathmandu.

Pun urged the visiting Czech entrepreneurs to invest in Nepal with out any fear. “Nepal is ready to protect foreign investments,” he said, adding that the country is moving towards stability as yesterday the major parties signed a peace deal. “Nepal is gradually heading towards economic development.”