Nepal holds hydropower expo, seven Chinese companies participate

Updated 2018-01-06 14:01:02 Xinhua

Hunan Allonward Hydro-Generating Equipment Co. Ltd, a hydro-electric equipments manufacturer from China, started supplying its products to Nepal since 2009.

Starting to supply equipments for micro-hydro projects, the company's equipments have now already been used in over 35 hydropower projects ranging from smaller projects to mid capacity projects up to 54 Megawatt.

"As a large number of hydropower projects are under-construction in Nepal, sales of our equipments are also on the rise," Daniel Jiang, an engineer of the Chinese company who has been staying in Nepal for some years to provide installation and maintenance services, told Xinhua on Friday.

This company is one of the seven Chinese companies participating in the Himalayan Hydro Expo that kicked off in Kathmandu on Friday.

More than 100 domestic and foreign companies offering different products and services are participating in the three-day expo inaugurated by Nepali President Bidya Devi Bhandari.

According to Independent Power Producers' Association of Nepal (IPPAN), the organizer, the expo has brought hydropower developers and equipment suppliers together providing platform for business deals.

Various equipments to be used in hydropower projects, safety equipments, new technologies, construction equipments and electric vehicles are among the materials are on display in the expo.

Guru Prasad Neupane, promoter of Arun Valley Hydropower Development Company, one of the prominent private sector power developers, told Xinhua that he saw the presence of a few new companies and the new technologies in the sector that he was not familiar with.

"With the information about many suppliers, the hydropower developers can get equipments competitive prices in the future," he said.

Nepal has so far been able to develop just 956MW of power in the 107 years of history in hydropower development in the country. Despite late entry in the sector, the private sector has emerged as the key player with around 3000MW projects under construction from the private sector, according to IPPAN.

IPPAN said additional 5000MW projects are waiting to sign power purchase agreement with Nepal Electricity Authority, the only power utility body, to ensure sales of power generated by these projects.

Nepali power developers say that despite political instability over the last decade, the private sectors poured money in hydropower developers which is worth 7 billion U.S. dollar.

"Hydropower development could take leap in Nepal as the country is likely head towards political stability after the recent elections in Nepal," IPPAN President Shailendra Guragain told Xinhua.

President Bhandari also stressed on the need for Nepali government's facilitation and the private sector's excitement for the hydropower development in the country.

"The availability of power will help infrastructure and industrial development of the country," she said addressing the inauguration session.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58November 18 2018 07:50:12

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16November 18 2018 07:50:12

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18November 18 2018 07:50:12

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

China World Business Sports Showbiz Audio
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
China World Fun Travel Entertainment Sports
Beijing Shanghai Guangzhou
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords