Power
Nepal Aims for 10 GW Worth of Hydro Exports to India
Nepal has set an ambitious goal to export 10 gigawatts (GW) of hydroelectric power to India over the next decade, signaling a major step forward in the country's renewable energy ambitions
Released Monday, September 30, 2024
Researched by Industrial Info Resources (Sugar Land, Texas)--Nepal has set an ambitious goal to export 10 gigawatts (GW) of hydroelectric power to India over the next decade, signaling a major step forward in the country's renewable energy ambitions. This development aligns with India's growing demand for cleaner energy sources and supports its strategy to reduce reliance on fossil fuels. Nepal's hydropower potential, with its abundant river resources, makes it well-positioned to contribute significantly to India's energy mix, which is increasingly shifting toward renewables.
The agreement is part of a broader bilateral framework between the two countries, focusing on expanding cross-border energy trade and infrastructure development. By promoting private-sector collaboration and securing investment, Nepal's government is committed to advancing its hydropower sector, which will not only boost domestic energy production but also support regional energy security. This initiative represents a key opportunity for Nepal to enhance its economy while fostering closer energy ties with India.
Industrial Info is tracking 313 hydropower projects, worth US$68.18 billion, in Nepal. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can click here for a full list of project reports.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
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