Wednesday, October 23, 2019

IPPAN to organise 7th Power Summit in November

Independent Power Producers' Association Nepal (IPPAN) is organising the 7th Power Summit 2019 in Kathmandu on November 21-22.
The association – issuing a press note – said that the summit will focus on cross border electricity trading, energy markets, regional electricity market regulation, financing, inclusive and sustainable development of power projects, governing and facilitating energy projects, and attracting investments.
It will also feature project showcase to highlight current activities in the sector within and outside the nation, the press note reads, adding that the two-day summit is being organised under the patronage of Ministry of Energy, Water Resources and Irrigation with a tag-line 'Powering the Asian Century'. “Nepal Electricity Authority (NEA) is an associate partner for the event.”
Likewise, Nepal Planning Commission (NPC) and Hydroelectric Investment and Development Company (HIDCL) are also partnering with IPPAN for the event. “The summit will focus on taking stock of the present situation and to look ahead to future possibilities of export and regional integration,” the IPPAN press note reads. “The summit will witness brainstorming on cross-border electricity trading, energy markets, regional electricity market regulation, financing, inclusive and sustainable development of power projects, governing and facilitating energy projects, attracting investments.”
More than 750 participants from India, China, Bhutan, Norway, Korea, Canada, the Netherlands, the United Kingdom, the USA, and Japan are expected to take part in the event, which will be inaugurated by Prime Minister KP Sharma Oli.
Besides the technical session, the summit will also facilitate business-to-business (B2B) meeting allowing different parties to engage in business promotion.
The summit will be instrumental in developing appropriate and far reaching policies for the development of energy sector, president of IPPAN Shailendra Guragain claimed, adding that the summit with the theme of ‘Powering the Asian Century’, the association will be signing 18 agreements – including on power trade, environment and social best practices, and women in energy – with different government and private firms during the summit.
Saying that neighbouring countries are important to regional energy connectivity and export, Guragain said that the summit is being organised in association with the Embassy of India in Kathmandu and Embassy of Bangladesh in Kathmandu. Likewise, minister of Water Resources of India Gajendra Singh Shekhawat, and minister of State for Power, Energy and Mineral Resources of Bangladesh Nasrul Hamid will be participating in the summit.

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