The three day Himalayan Hydro Expo 2019 that brought together key hydro power developers, investors and policy makers from different countries concluded in Kathmandu on Sunday. More than 60,000 visitors were attracted to the expo that showcased state of the art technologies for hydropower development.
Vice president Nanda Bahadur Pun had inaugurated the hydropower expo at Bhrikutimandap, Kathmandu on Friday.
During his inaugural address Vice president Pun called upon private sector and foreign investors to invest in hydropower sector in Nepal, which has immense hydro potentiality. He said the government will create conducive policy for attracting foreign investors in power sector and encouraging private sector’s involvement so as to make the country prosper through exporting hydro power in the near future.
The expo organized with an objective of assisting government’s target of generating 15,000 MW hydropower within next ten year, brought under a single umbrella all the stakeholders of hydropower, according toShailendraGuragain, president of Independent Power Producers’ Association of Nepal (IPPAN), the main organizer of the event. Hydropower companies, insurance companies, suppliers and investors from Nepal, India, China, Australia, Germany, Sweden and UK showcased their products and services in the exhibition. The expo also featured a series of technical and knowledge sharing sessions relating to domestic financing, innovation in hydropower industry, environmental and social management and renewable energy.