Kathmandu: A three-day Himalayan Hydro Expo-2018 kicked off at Bhrikutimandau exhibition centre Friday.
Independent Power Producers’ Association Nepal (IPPAN), the umbrella association of private sector developers, and Event Management Services, jointly organised the first of its kind expo in Nepal aiming to bring all concerned stakeholders under one roof.
Inaugurating the expo President Bidya Devi Bhandari stressed the need for optimum utilization of huge availability of water resources for prosperous and better Nepal.
“It is possible to make the country prosperous through the sustainable development of energy. Therefore, we have to develop hydropower by utilising water resources as hydropower is durable and cheaper source of energy which has got more potential in our country,” the President said while inaugurating the Himalayan Hydro Expo 2018.
The country failed to utilise the available water resources adequately which affect overall development of the country, she said, adding the consumption of energy should be increased for the development.
“Consumption of electricity is the major indicator to measure the country’s economic development. Nepal’s has very low electricity consumption despite huge potential of electricity generation,” Bhandari said.
President of Confederation of Nepalese Industries CNI) Hari Bhakta Sharma emphasised the establishment of investment funds to invest in the mega projects including hydropower where there is required more investments.
“Energy is foundation for industrialisation. So, the government should supply power regularly in cheaper cost which just not only help to open industries but also reduce cost of production of industrial sector,” he said.
President of Federation of Nepalese Chambers of Commerce and Industry Bhawani Rana said that the lack of energy supply affected the overall industrial development in the country.
“The cost of production of industrial sector has increased due to use of alternative source of energy including diesel which reduce the competitive capacity of Nepalese production in the international market,” she said.
Chairman of IPPAN Sailendra Guragain said that that the expo would turn out to be a ‘milestone event’ to explore additional opportunities as to how to build hydro projects in Nepal at an affordable cost as per the availability of high volume water, best project sites in the rocky hills, gorges and the millions of youths to be attracted for employment.
Appreciating the pace for the development of hydropower in last two years, he said hydropower capacity around 3,500 MW are in under construction and additional 5,000 MW are in the process to get Power Purchase Agreement (PAA).
Hydropower developers, manufacturers and suppliers of the associated state-of-the-art technology equipment, investors, banks and construction companies are showcasing their products and services in the expo.
International companies and delegates from China, India, Austria, Czech Republic, South Korea, Brazil and Norway participated in the expo.