Kathmandu: Independent Power Producers Association Nepal (IPPAN)) is starting up to host the 7th Power Summit 2019 in Kathmandu on November 21 and 22 with the premise of “Powering the Asian Century.” IPPAN stated that the summit would focus on the country’s energy production, market and external investment and the summit will take stock of the present situation and look ahead to future possibilities of export and regional integration and connectivity of power.
The president of IPPAN, Mr. Shailendra Guragain informed that the summit is in the final stage of preparation and is receiving overwhelming responses from local and international participants. The association will be signing 18 agreements with different government and private firms during the summit. The summit is going to be inaugurated by the Honorable Prime Minister of Nepal, KP Sharma Oli . Nepal Electricity Authority is an associate partner for the event. Likewise, Nepal Planning Commission and Hydroelectric Investment and Development Company are also partnering with IPPAN for the event.
According to IPPAN, this year 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, attracting investments, and will also feature project showcase to highlight current activities in the sector within and outside the nation. More than 750 participants are expected to take part in the event including from China, Bhutan, Norway, Korea, Canada, Netherland, the United Kingdom, United States, and Japan.
There will be speakers from Nepal, India, Bangladesh, China and Norway, including chief investment officer from Netherlands Development Finance Company (FMO), Director General of Asian Infrastructure Investment Bank, Director of Indian Energy Exchange. Other famous speakers will be from Power Trade Corporation India, Bangladesh Power Development Board, among others.
Source: The Himalayan Times