Energy Integration

Nepal has enormous potential in hydropower generation and followed by solar, wind, and thermal. The economically viable hydropower potential has been considered 43,000 MW but the recent optimized study was done based on the river basin plan and the energy mix showed it can go up to 300,000 MW. Same way, the government of Nepal (GoN) has a plan to produce 15,000 MW of renewable energy by 2030 and has also launched different programs, initiatives, and incentives to achieve this target. The current demand is around 2,000 MW and production capacity also has increased to the same level. Considering the demand-supply mismatch in the future, having access to giant economies like India and emerging economies like Bangladesh and their drive for renewable energy would give the greatest opportunity to integrate renewable energy among Nepal, India, and Bangladesh. Urja Consulting has been working and bringing all stakeholders, connecting the dots for the energy integration, policy advocacy, coordination, and collaboration with the companies of India, Bangladesh, and international for developing, financing, investing, transmitting, and trading.

• India will make up the biggest share of energy demand growth at 25% over the next two decades, as it overtakes the European Union as the world’s third-biggest energy consumer by 2030.
• India is expected to reach 75 percent of its overall electricity from renewable (Recently India categorized any size of hydropower as renewable energy.)
• India targets to quadrupling renewable electricity capacity to 450 GW of renewable capacity by 2030 to which Nepal can contribute with the export of electricity generated through HEP.

• The total requirement for electricity by 2041 is expected to reach 77,540 MW
• The target is to reach at least 50% from renewable energy sources.
• Based on the energy cooperation agreement between Nepal and Bangladesh, Bangladesh will import up to 9,000 MW of hydropower from Nepal by 2040.
• The scenario gives the possibility of increasing export from Nepal in the range of 20,000 MW if the price is competitive and transmission infrastructure is in place.

We follow the structured and engineered approach in creating environment, policy advocacy, aggregation of generation projects, and integration of transmission and trade, and required project development and investment support in fulfilling renewable energy drive of India and Bangladesh.