Chicago-based renewable energy company, New Generation Power, this week signed an MoU with Nepal’s Hydro Solutions to cooperate in exploiting up to 400MW of hydroelectric projects in Nepal.
New Generation Power is represented in Nepal by New York-based Nepal Infrastructure Consult (NIC) and will commission renewable energy projects in the country. It already has 3,000MW of projects in solar, biomass, wind, hydro, waste to energy, and geo-thermal in various parts of the world.
Hydro Solutions is a rapidly expanding hydropower company that works in identification and development including project engineering for energy infrastructure in Nepal. The company is involved in the development of projects with a cumulative capacity of over 500MW in Nepal.
The MoU was signed (pic, above) by Chirinjeev Kathuria, Chairman, and Nisha Joshi, Senior Vice-President (International) of NGP, Gyanendra Lal Pradhan, Executive Chairman of Hydro Solutions and Suman Neupane, President of NIC.
Source : Nepal Times