IPPAN welcomes endorsement of MCC compact

KATHMANDU: Independent Power Producers' Association, Nepal (IPPAN) has welcomed the endorsement of the US grant project — Millennium Challenge Corporation (MCC) compact — by parliament. IPPAN said the endorsement of MCC compact has added a new dimension in the development of Nepal's power sector. IPPAN's vice-president Ashish Garg said at a press conference organised in Kathmandu on Wednesday to give information about the third edition of Himalayan Hydro Expo 2022 that the endorsement of the MCC compact by Nepal's parliament has enthused the independent power producers and promoters who have been facing problem particularly due to lack of transmission line. He added that the compact has also opened new door of opportunities for them. Garg viewed that the MCC compact will support the country's journey towards economic prosperity. The hydro expo is scheduled to take place at Bhrikutimandap from April 1 to 3. The goal of the expo is to promote domestic consumption of electricity and electricity trade. The event is being organised by IPPAN and it will include 100 stalls related to the hydroelectricity promoters, producers, equipment suppliers, turbine manufacturers, investors, banks, insurance companies, among others. The expo will also have stalls related to new technology and construction. It also aims to promote the international market for Nepal's hydroelectricity. By RSS READ ALSO:

• Third edition of Hydro Expo to be held in Kathmandu from April 1 to 3
• IPPAN expects new dimension in power trade
• 'MCC necessary for construction of transmission system'