At the Nepal–Korea Energy Cooperation Seminar 2025, organized with the objective of expanding investment cooperation in the energy sector between Nepal and Korea, the Independent Power Producers’ Association of Nepal (IPPAN) called for increasing investment through government-to-government (G2G) and business-to-business (B2B) models.
In his vote of thanks at the closing session of the seminar, IPPAN Vice President Mohan Dangi stated that the relationship between Nepal and South Korea is based on mutual trust, friendship, and cooperation. He said that Nepal has vast hydropower potential and, with a large market for green energy available in India and Bangladesh, the country is in a position to become a regional energy hub.
According to Dangi, under the Energy Development Roadmap 2025 approved by the Government of Nepal, a target has been set to generate 28,500 megawatts of electricity by 2035. He noted that achieving this target would require investment worth USD 46.5 billion, and emphasized the need to mobilize large-scale capital for power generation, transmission lines, and substation construction.
Noting that most projects in Nepal are run-of-river in nature, resulting in surplus electricity going to waste during the monsoon season, Vice President Dangi pointed out the potential to use this excess energy for green hydrogen production. He said this would not only help maintain grid balance but also provide an alternative for energy storage.
Stating that Nepal is located between the world’s second- and fourth-largest economies, he highlighted that there are significant opportunities in the energy and related sectors for third-country investors. He urged Korean investors to participate in projects such as Ujale hydropower projects, green fuels, hydrogen plants, fertilizer factories, and metro rail systems.
Vice President Dangi made it clear that both IPPAN and he personally are always ready to cooperate with Korean investors, emphasizing the need to translate Nepal–Korea energy cooperation into practical investments and projects.
At the end of the program, he expressed gratitude to the Korean Embassy, representatives of the Government of Nepal, speakers, the private sector, media personnel, and all participants for their support in successfully concluding the seminar.
IPPAN advisors Dr. Suvarnadas Shrestha, Lal Krishna KC, Krishna Prasad Bhandari, and Krishna Prasad Acharya were present at the program.
Jalasarokar
