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Power Producers' to link global investors, policy makers

Written by  Published in Energy Wednesday, 07 August 2013 19:42

Kathmandu, August 7 (CNS) -- Independent Power Producers' Association, Nepal (IPPAN) is all set to host Power Summit 2013 here on August 26-27 seeking fastening the global investors with the authorities for hastening the development of Hydropower projects.

In a press conference, Dr. Suwarna Das Shrestha, president of IPPAN informed that Power Summit 2013 will have a theme of catalyzing the power development sector.

The summit which will be geared to conduct critical review of where Nepal has reached since, 2006 is dedicated to creating and enabling environment for hydropower sector.

''We need to dedicate our efforts to raising the current energy consumption from a mere 85 kWh per capita to 500 KWh in next five fiscal,'' he said.

As the investors are compelled to roam door to door of some 13 ministries and more than that of the departments for the approval for a project, it is urgent to bring an umbrella Hydrpower Act in the country, Dr. Shrestha told CNS.

Likewise an Umbrella Power Trading Agreement with India is obligatory for thrive in the power production, according to the hydro power producers.

The summit is going to be organized jointly with PTC India Limited and Non Resident Nepali Association (NRNA) with the patronage of Government of Nepal and Nepal Investment Board.

The two day event will bring together relevant stakeholders from Brazil, China Czech Republic, France, India, Korea, Nepal, Norway, USA and other countries for thematic discussion on hydropower development in Nepal.

Read 1299 times Last modified on Wednesday, 07 August 2013 20:09

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