South Korean ambassador meets Minister Ghising, discusses hydropower, green hydrogen investment
KATHMANDU: South Korea’s Ambassador to Nepal, Park Tae-young, paid a courtesy call on Minister for Urban Development, Energy, Water Resources and Irrigation, and Physical Infrastructure and Transport, Kul Man Ghising, at Singha Durbar, Kathmandu, today.
Ambassador Park congratulated Ghising on his appointment and extended best wishes for a successful tenure.
On the occasion, Minister Ghising highlighted long-standing economic cooperation between Nepal and South Korea and requested support for reservoir-based hydropower projects exceeding 500 MW.
The Korean envoy sought a government partnership or private investment from Korean companies in green hydrogen production, proposing a model for fertiliser manufacture and public transport.
Likewise, Minister Ghising also urged an increase in the Employment Permit System (EPS) quota for Nepali workers, the provision of pre-departure skills training, support for returnee entrepreneurship, expedited funding from the Export–Import Bank of Korea (KEXIM) for the Inaruwa–Anarmani 400 kV transmission line and enhanced railway capacity.
The Korean ambassador reported that the 216 MW Upper Trishuli-1 hydropower project in Rasuwa district is 70% complete, invited Minister Ghising to the main tunnel breakthrough in December and thanked the Nepal Electricity Authority (NEA) for its cooperation.
Ambassador Park added that a seminar will be organised in Nepal with private energy producers to attract Korean firms, and has been in talks with the Ministry of Finance on transmission-line assistance.
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