Nepal – Renewable Energy Equipment Nepal - Renewable Energy Equipment
Overview
Nepal’s energy demand, at more than 1,400 MW, exceeds the country’s power supply. During the dry winter months, energy production in Nepal’s run-of-river hydropower projects can fall by more than two-thirds, leaving Nepal reliant on electricity imports. Nepal’s transmission infrastructure remains limited to urban areas, leaving many rural communities without electricity. Furthermore, frequent petroleum shortages and the high cost of running diesel generators have prompted some businesses, wealthy urban households, and rural communities to turn to solar energy.
Following the April 2015 earthquake, the Prime Minister's Office, National Planning Commission, Urban Development Ministry, and other government agencies announced plans to introduce solar power facilities to rural areas as a more reliable and cost effective source of power.
Renewable Energy Equipment (U. S. $ thousands)
|
|
2014 |
2015 |
2016 |
2017 (Estimated) |
|
Total Local Production |
0 |
0 |
0 |
0 |
|
Total Exports |
0 |
0 |
0 |
0 |
|
Total Imports |
67,436.90 |
12,631.72 |
9,652.54 |
|
|
Imports from the US |
345.10 |
212.31 |
146.08 |
|
|
Total Market Size |
67.436.90 |
12,631.72 |
9,652.54 |
10,000.00 |
|
Exchange Rates |
98.55 |
99.79 |
106.65 |
107.92 |
(total market size = (total local production + imports) - exports)
Total Imports: Trade and Export Promotion Center, Nepal
Imports from U.S.: Trade and Export Promotion Center, Nepal
Leading Sub-Sectors
- Solar panels
- Inverters
- Batteries
- Solar water heaters
Opportunities
Prospects in renewable energy equipment sales have so far been limited to individual households, through one of more than eighty solar equipment supply companies in Nepal. However, opportunities to introduce enterprise solar systems to businesses and factories hold tremendous potential.
Web Resources
United States International Trade Commission: www.usitc.gov
Trade and Economic Promotion Center, Nepal: www.tepc.gov.np
Alternative Energy Promotion Center: www.aepc.gov.np
Nepal Electricity Authority: www.nea.org.np
Ministry of Energy: www.moen.gov.np
Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.