Hydropower investment meeting to be held in Kathmandu
Hydroelectricity Investment and Development Company Limited (HIDCL) is organising an international Hydropower Investment Meeting on 28-29 August 2013 in Kathmandu to attract investments for medium and large hydropower projects in Nepal.
HIDCL is a government undertaking company established with a main aim to mobilize funds to cater to the needs of investments in middle to mega hydroelectricity generation.
The meeting is expected to be very important in bringing investment in hydropower sectors at this juncture as the government has identified hydropower development as priority development agenda in its plan and policies.
Ministry of Energy, Ministry of Finance, Investment Board of Nepal (IBN), and AsianDevelopment Bank (ADB) are jointly supporting this initiative of HIDCL.
Building on the Nepal Energy Investors Forum jointly organised by the Government and Asian Development Bank in Oct 2011, the main focus of the meeting will be to showcase specific medium and large scale hydropower projects and to attract investments for such projects.
The meeting will provide participants an opportunity to discuss about the potential projects in detail with concerned stakeholders giving their inputs.
Key international and domestic hydropower developers, investment companies, Sovereign wealth funds, utility companies will take part in the meeting.
Nepal has been suffering from a power shortage and long load-shedding hours for many years despite huge potential in hydropower development. Nepalnews.com