Eos Experience in the Hydropower Sector
With development there is always a rising demand for energy, and at Eos we have been at the forefront providing vital support to enterprises, both domestic and foreign looking to invest in Nepal’s energy future.
We have supported the successful completion of more than 140MWs worth of hydropower projects, assisting them secure over more than US$ 130 million in financing. Apart from our expert financial services in the areas of Fundraising and Financial Closure from small to large scale Hydropower projects, we also specialize in providing a holistic service approach. Essentially, everything from feasibility studies, engineering designs, to public private partnerships as well as construction solutions, all available through Eos and its affiliated partners.
Eos has also worked closely with several NGOs and INGOs to support grass root enterprises looking to introduce solar power systems in Nepal’s rural areas. Our vast experience in business strategy consulting and financial planning advisory in the field of development makes us the ideal partner for such projects.
Overview of Renewable Energy Sector in Nepal
Nepal’s geographical position as a landlocked country, makes reliance on fossil fuels an unviable solution. Hence, Nepal’s energy sector is highly dependent on renewable sources in order to meet energy demands. It is a well-established fact that Nepal’s potential for hydro electricity generation stands at a whopping 42,000MW. However, till date only a fraction, 2% of its potential has been installed.
Solar energy systems have over the past few years started to gain popularity and is being seen as a great alternative to petrol or diesel generators. However, solar energy systems are not feasible for large scale industrial projects and have hence mainly been used by households and small scale cottage industries.
It is expected that over the next few years, Nepal’s current power deficit will be met by increased private sector investment.
Facts
- The installed capacity of gird power in Nepal in 2012-13 was approx. 762 MW
- Nepal’s current power deficit stand at approx. 70%
- According to Nepal’s Electric Authority, there are currently more than 140 private power generation companies in Nepal
Opportunities
- Demand for grid power is expected to grow at a CAGR of approx. 9%
- Peak demand is estimated to reach 2052 MW by 2020