Hydropower is a formidable industry and is a sustainable source of renewable energy without having any environmental hazards like those of the hydrocarbon based fuels. Our country is one of the richest in the world in terms of the total proportion of potential energy production from hydropower. With more than six thousand small, medium and large rivers running from the Himalayas and high mountains of the country, hydropower can play a similar role in Nepal’s economy as petroleum plays in gulf countries. Deep involvement of private entrepreneurship is of utmost importance to reap full benefit of this natural gift to the country and thereby take country out of dependence on expensive foreign oil and gas for much of its energy supply.