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Energy Development Council (EDC) and China’s Shenzhen Energy Society signed a memorandum of understanding (MoU) for the development, expansion and promotion of solar energy in Nepal. The MoU was signed by EDC’s executive manager Itnuma Subba and Society's General Secretary Chang Nan Nanma.
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EDC officials said the Chinese side are willing to immediately invest in solar projects of 25 to 500 MW capacity, adding that it is possible to complete such projects in three months.
Shenzhen is a non-profit social organization established in China. The organization has 350 members globally, including some of the world's largest solar energy companies.
The MoU signing ceremony was attended by Deputy Prime Minister and Energy Minister Top Bahadur Rayamajhi, Chairman of EDC Sujit Acharya, and General Secretary of China Renewable Energy Society PV Committee, Lu Fang.
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