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Explore / News & Media / news and media 9
In News

IPPAN signs MoU to acquire International Renewable Energy Certificates

calendar2 February 2025

marker-pinKathmandu

Published on: 2/2/2025

Nepal_04.webp
IPPAN signs MoU to acquire International Renewable Energy Certificates

The Independent Power Producers’ Association, Nepal (IPPAN) has signed a Memorandum of Understanding (MoU) with ProClime to acquire the International Renewable Energy Certificate (I-REC).


IPPAN Chairman, Ganesh Karki and ProClime CEO Kavin Kumar Kandasamy signed the agreement in Kathmandu.


The deal will enable 2,000 Megawatt of private-sector-generated electricity to participate in carbon trading in the first phase.


Nepal’s private sector could earn Rs 1 billion annually from carbon trading.


International Hydropower Association Vice Chair Sushil Pokhrel stated that Nepal’s hydropower projects meet sustainable development criteria and will soon receive carbon trade funds.


Electricity Regulatory Commission Chair Dr. Ram Prasad Dhital launched the I-REC carbon footprint calculator at the event.


Experts emphasized Nepal’s need to expand carbon trading, as neighbouring India and Bhutan are already benefiting from it.


Read the article here: https://risingnepaldaily.com/news/56463

Media contactFor more information, please contact

Proclime : [email protected]

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