Kathmandu, November 20: Independent Power Producers Association Nepal (IPPAN) has said that its upcoming Energy Summit will be focused on exploring new markets of power trade as well as its expansion within and beyond the border.
The Summit, which carries the theme “Powering the Asian Century”, is scheduled to be held in Kathmandu from November 21 to 22.
According to the IPPAN, the two-day event will act as a viable platform for regional cooperation for power trade through various discussion sessions.
Some 70 experts from Nepal, China, India, Bangladesh, Bhutan, Japan, the Netherlands, United States, Canada, and Norway will deliver their presentations during the two-day event. Such presentations will cover a range of topics including regional power trade, electricity market, regulation, and financing, sustainable development, execution and facilitation of the energy projects in the federal structure and foreign investment in hydropower, among others.
Similarly, the IPPAN is expected to sign eight agreements with foreign firms and lender companies during the Summit.
National Hydroelectric Power Corporation, India and Hydroelectricity Investment and Development Company Ltd, Nepal will ink a hydropower development agreement and a deal between Nepal Power Exchange Ltd and Indian Power Exchange Ltd and Power Cell Bangladesh will also be sealed.
Additionally, Women in Power Forum and International Finance Corporation, Nepal Bankers’ Association, IPPAN, and Netherlands Development Finance Company (FMO), Investment Board Nepal and Power China will ink a pact to build Tamor Reservoir Project.
Similarly, GMR Group, India and Bangladesh will ink power trade agreement of Upper Karnali Hydropower Project.
More than 700 guests from various countries are expected to participate during the summit.
