Canadians are invited to contribute to Nepal's hydropower project.

The Independent Power Producers Association, Nepal (IPPAN) Chairman, Ganesh Karki, has encouraged Canadian investors to fund hydropower projects in Nepal. This was said by President Karki on Tuesday during a session on dam safety hosted by the Canadian Dam Association.

According to Karki, despite Nepal's enormous hydropower potential, just 3,000 megawatts of electricity have been generated to yet, while 4,000 megawatt projects are presently being built. Additionally, he stated that 4,000 MW of projects are awaiting financial management as a result of Power Purchase Agreements (PPAs), 10,000 MW of projects are awaiting PPAs, and an additional 10,000 MW of projects are in various phases of research.

"The government has presented a roadmap with the aim of producing 28,500 megawatts of electricity in the next 10 years," he continued. Nepal has the capacity to produce at least 72,000 megawatts of hydropower. I strongly advise Canadian investors to make substantial investments in Nepal in order to reap the benefits of doing so.

Karki stated that if power is generated in Nepal, the market will be assured as well. He added that plans are underway to export 5,000 megawatts to Bangladesh and that an agreement has already been struck for the export of 10,000 megawatts to India. Additionally, he disclosed that an agreement to sell 40 MW of electricity to Bangladesh has not yet been inked, whereas 1000 MW of electricity is already being shipped to India. Additionally, he stated that while 40 megawatts of electricity may not be sufficient, by 2040 it is expected that Bangladesh will need to import 9,000 megawatts of electricity from Nepal in order to meet its needs.

Karki encouraged Canadian investors to put money into Nepal's hydroelectricity sector, noting that the country has a large production potential and that there is a significant need for energy in Bangladesh and India, two significant rising countries.