Nepal's Prime Minister Khadga Prasad Sharma

Nepal aims to halve its petrol dependence by 2050

October 25, 2018

Launching a fleet of battery-operated buses Nepal Prime Minister K.P. Sharma Oli has said that his country will reduce dependence on imported petroleum products by 50 per cent or even more by the year 2050…reports Asian Lite News

Nepal’s Prime Minister Khadga Prasad Sharma

Developed by Chinese company BYD the public fleet was inaugurated at a special function in Lalitpur on Tuesday by Oli who promised to move towards a cleaner environment and greener economy.

“Our overall national goal is to reduce dependence on imported petroleum products by 50 per cent or even more by the year 2050,” he said.

The conversion of public transport to domestically-produced electricity would displace the expensive imported gasoline and diesel, Xinhua news agency quoted Oli as saying.

He said Nepal was going to be self-reliant in hydropower within the next few years and the government aimed to ensure that at least 20 per cent of the overall vehicles would run on electric power by 2020.

In the initial phase, five electric buses would ply on capital’s streets here. Then the fleet would extend to Lumbini, the birth place of Lord Buddha, after the construction of the international airport is completed in the region within the next 10 months.

Previous Story

Fb introduces simplified version of Messenger

Next Story

Mars contains more oxygenated water

Latest from BUSINESS

India’s Millionaire Wealth Surges

Strong equity markets and investor optimism around artificial intelligence (AI) played key roles in bosting returns and overall wealth creation India recorded

SEBI Warns on Strata Exit

Strata was one of the first platforms to register under SEBI’s newly introduced SM REIT framework, which was designed to regulate fractional