Nepal is a small landlocked country situated inbetween India and China. Amazingly eight of the top fourteen moutain peaks in the world fall within this small Himalayan nation. As a result, Nepal has the second richest water resource in the world falling just behind Brazil. About 6,000 rivers of Nepal has an average run-off of about 225 billion cubic meters. With such tremendous amount of natural resource flowing through the country, there is an estimated hydro-electric potential of 83,000 MW of which 44,000 MW can be economically harnesssed. So far less than 1% (300 MW) of the total potential energy has been harnessed.