The Independent Power Producers' Association, Nepal (IPPAN) has announced the Power Summit 2023, the biggest event in Nepal dedicated to power. According to IPPAN, the eighth edition of Power Summit will be held on March 28-29 in Kathmandu with the theme "Broadening Green Energy Markets". According to IPPAN, power projects totaling 5,000 MW will be showcased from the Project Bank of Investment Board Nepal and the private sector during the summit. "The investors will have an opportunity to discuss and understand power projects for investments," said IPPAN in a press statement. IPPAN has stated that Nepal has now entered into an era of self-reliance in electricity generation and heading towards being an energy-surplus nation. With the recent addition of the 86MW Solu Dudhkoshi Hydropower project to the national grid, the installed capacity has reached 2520 MW. An additional 600MW capacity shall be added in 2023 with the total installed capacity of power projects reaching 6,700 MW by 2027. The private sector contribution is expected to reach 80 percent of installed capacity from the present 55 percent.

According to IPPAN, with the sluggish peak demand at 1,700MW, the current year's wet season surplus is expected to reach 1,000MW, and the time has come for Nepal to seriously explore the market for the energy.

With Nepal making improvements on the supply side of green energy, IPPAN has said it is  high time to focus on the demand side. "We are now ready to 'broaden green energy markets' first at home, and then in the region," reads the statement, adding, "Demand will dictate the way we manage the supply side of green energy." Broadening the green energy markets, according to the IPPAN means enabling transportation, agriculture, industry, cooking, and commerce to both grow rapidly and make a complete switch to green energy away from fossil fuels which Nepal has to import at a huge cost to the economy. "The discussions during the summit are expected to pave the way for identifying and opening doors for markets for Nepal’s green energy," said IPPAN.  The summit aims to provide a forum for discussion, discourse, and debate by all key experts of the power sector. The summit will have 13 sessions to cover issues ranging from markets for Nepal’s power, transmission infrastructure, demand for Nepal’s hydropower, technology and innovation, thinking beyond hydropower to solar, hydrogen, regulatory framework, cross-border power trade, sustainable and climate-resilient development, environment social and governance, regionals interest and energy security. IPPAN expects there will be 800 participants from all across the power sector including 300 international delegates from more than 30 countries.