IPPAN Calls on Indian Investors to Explore Nepal’s Hydropower Potential

The Independent Power Producers Association of Nepal (IPPAN) has called on Indian investors to explore investment opportunities in Nepal’s hydropower and renewable energy sectors. Addressing the ‘Nepal-India Energy Summit’ held in New Delhi, IPPAN Chairman Ganesh Karki encouraged Indian investors to invest with confidence, assuring them of secure investments and promising returns.

Highlighting Nepal’s ambitious plan to generate 28,500 megawatts of electricity by 2035, Karki stated that achieving this goal would require an estimated investment of $46.5 billion. He described the initiative as a “golden opportunity” for Indian investors to engage in Nepal’s growing energy market.

Karki also noted Nepal’s significant potential for solar energy generation, citing a preliminary study by the Investment Board of Nepal, which identified a capacity of over 4.32 gigawatts. He emphasized that Indian investors could diversify their investment portfolios by exploring both hydropower and solar energy projects.

Nepal is particularly interested in collaborating with prominent Indian business houses such as Adani Group, Tata Power, Jindal Power, GMR Group, SJVN Limited, and NHPC, Karki added.

Providing further insight, IPPAN Vice President Ananda Chaudhary shared that Nepal is currently generating around 3,500 MW of electricity, with an additional 4,000 MW under construction, 4,100 MW awaiting financial management through Power Purchase Agreements (PPA), and approximately 20,000 MW in the study phase.

Chiranjivi Chataut, Joint Secretary at the Ministry of Energy, Water Resources, and Irrigation, assured investors of the government’s commitment to achieving the 28,500 MW target and emphasized that the ministry would facilitate investment processes to ensure a conducive environment.

The Nepal-India Energy Summit was jointly organized by the Nepali Embassy in India and the Indian Green Energy Federation, with the institutional support of IPPAN.