IFGE, Nepal Embassy organise ‘India-Nepal Energy Summit’ to explore opportunities in hydro, other renewables

The Indian Federation of Green Energy (IFGE) and the Embassy of Nepal have jointly organized “India Nepal Energy Summit: Exploring Investment Opportunities in Hydropower and Renewable Energy Sector” in New Delhi to further the cooperation between the two countries in the power sector.

India has also signed an agreement with Nepal for the purchase of 10,000 MW of hydropower from Nepal for 10 years and MOU for cooperation in renewable energy will further strengthen the ties between the two countries and help in creating new business opportunities.

A delegation of Independent Power Producers Association, Nepal (IPPAN) has also attended the India – Nepal Energy Summit and organisations namely Adani Group, Federation of Indian Small Hydropower (FISH), Central Board of Irrigation & Power (CBIP), and Indian National Hydropower Association (INHA) has supported by the Summit.

Chief Guest at the event, Akash Tripathi, Additional Secretary (Hydro), Ministry of Power, Government of India stated that Nepal has almost 83,000 MW of hydroelectric potential of which almost 42,000 MW can be harness easily.

India’s Nationally Determined Contribution (NDC) Targets and the net-zero commitment by 2070 indicating that India’s energy generation from the renewables would continue to increase steadily in future. Nepal also has surplus hydro power that can be supplied to neighbouring countries and India is playing a key role in Nepal’s energy sector.

Dr. Shankar Prasad Sharma, Ambassador of Nepal to India, emphasized Nepal’s vast hydropower potential and its ambitious Mission 28,500 MW, calling for joint ventures and investment in Nepal’s hydropower projects. He stressed the need for India and Nepal to collaborate on policy development and regulatory frameworks to streamline project execution and cross-border energy cooperation.

Ganesh Karki, President of the Independent Power Producers Association of Nepal (IPPAN), has urged Indian investors to invest in Nepal and said the Nepalese government has recently set an ambitious target of generating 28,500 MW of electricity by 2035, and that an investment of $46.5 billion is required for that. Hence, it represents a golden opportunity for investment in Nepal.

Sushil Sharma, Director (Projects), SJVN Limited, Jayaraman Punidhan, Vice President – Business Development (PSP & Hydro Business), Adani Group, Naresh Goel, Senior Executive Member-IFGE and CEO & Promoter, Uttar Bharat Hydropower Pvt. Ltd also addressed the Summit. Sanjay Ganjoo, Director General of IFGE, moderated the summit.

The Government of Nepal is driving hydropower growth through policy reforms, tax incentives, and FDI promotion, ensuring a favourable investment climate. Meanwhile, the Government of India is strengthening regional energy cooperation through cross-border electricity trade, infrastructure investment, and policy alignment, reinforcing its commitment to a sustainable and interconnected South Asia.

With vast potential in hydropower, solar, and green hydrogen, Nepal is poised to become a clean energy hub in South Asia. The summit reaffirmed the commitment to unlocking investment opportunities, fostering bilateral cooperation, and enhancing regional energy security.