KATHMANDU (Xinhua) — Energy-based projects in Nepal will have financing and equity investment from the international companies attending the Nepal Power Investment Summit (NPIS) to be held in Kathmandu from Jan. 27 to Jan. 29, the organizer said.
The Energy Development Council (EDC), a body representing the power developers and other stakeholders of the energy sector in Nepal, is organizing the three-day summit with the aim to provide a platform for various investors, contractors, and financiers from around the world and Nepali energy developers to make deals. The summit will also inform the participants of the current policies and scenario in Nepal’s energy sector.
Around 100 participants from 30 international companies and over 400 participants from Nepal including policymakers and the private sector are expected to attend the summit.
The summit aims to attract financing over 20 billion U.S. dollar for over 100 “shovel ready projects” related to hydropower, solar, energy storage, smart cities, electric vehicles, and waste, among others.
There will be opportunities for domestic companies to get financing from international financial institutions as well as seek equity investment from the international investors, said Sujit Acharya, chairperson of EDC at a press conference in Kathmandu on Thursday.
The summit will have three main components– conference, energy mart, and international training programs.