The Hydropower Development Policy
This Policy revised the original policy document of 1992. The objectives of hydropower development are to generate electricity at low cost and provide reliable and qualitative electric service for both own country and exportable commodity. Connecting electrification with economic activities and extend rural electrification are also the goals of this Policy.
The strategies to accomplish these objectives include extension of hydropower services to the rural economy, implementation of small, medium, large and storage projects for hydropower development, attracting investment from both private and governmental sectors (as necessary through public-private joint ventures) and minimising the potential risks in hydropower projects with a joint effort of government and private sector. Key implementation policies for these include development of electric systems for domestic use and storage projects, provision of appropriate incentives and transparent processes, contribution to environmental protection by developing hydropower as an alternative to biomass and thermal energy, restructuring institutions in the public sector to create a competitive environment and fixing electricity tariffs in rational and transparent manner.