Power Summit in Dec
Kathmandu, October 27
The Independent Power Producers’ Association, Nepal (IPPAN) has announced it is organising Power Summit 2016 from December 15 to 16 in the Capital to support the government’s initiative to generate 10,000 megawatts of hydro electricity within 10 years.
The Power Summit 2016 will be participated by policymakers, executing agencies, developers, potential investors (both foreign and domestic), and potential financiers, among others, according to IPPAN.
“The Power Summit will hold discussions on challenges and the way forward for hydropower development in Nepal. It will also review the key bottlenecks for reform in the energy sector and lapses from the government and private sector.”
Despite having tremendous potential for hydropower generation, the country has been able to tap only negligible portion of its hydropower potential with total installed capacity of just 800 megawatts. Contribution of hydroelectricity in the total energy consumption is less than three per cent.
The Ministry of Energy (MoE) will provide support for the event.
The National Energy Crisis Prevention and Electricity Development Decade introduced by the MoE in April this year had envisaged to generate 10,000 megawatts of electricity within 10 years.