Joint Venture to Produce Free Flow Turbines in Nepal06/08/2012
|Nepalese renewable energy specialist Glow Tech Solutions and Tocardo International, based in The Netherlands, have established a joint venture to set up an assembly and production facility for Tocardo turbines in Nepal. The agreement follows a deal announced in June 2012 to sell 25 of Tocardoís T100 water turbines to Glow Tech Solutions. The patented turbines will be installed in Nepalís fast-flowing rivers to produce electricity. Together they have a capacity of 2.5 Megawatt.|
The joint venture assembly and production facility will produce water turbines for the Nepalese market and for export in the region. Glow Tech Solutions acquired licenses to install water turbines with a total capacity of 2.4MW and is expected to acquire licenses for an additional capacity of 7.4 MW. It completed pre-feasibility studies for 100MW.
The Tocardo free-flow in-stream hydro turbines can be compared to ‘underwater wind turbines’: free-standing underwater units, generating energy from sea currents, tidal and river flows. They are easy to install and are low-cost to maintain.
The Dutch Government supports the setting up of the joint venture through its Private Sector Investment (PSI) program. The joint venture agreement was recently signed by Mr. Hans Van Breugel, CEO of Tocardo, and Mr. Subodh Tripathee of Glow Tech, at a ceremony in Kathmandu attended by the Minister for Industry of Nepal, Hon. Anil Kumar Jha, and the Dutch Consul, Mr. Rem Neefjes.
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Supplier: Tocardo International
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