An Indian company and a Nepali firm have recently formed a joint venture company — USP Wind and Power System– in Kathmandu to tap wind energy.
Executive director of the joint-venture, Surendra Bahadur Singh, said on Friday, “This company aims to tap wind to generate electricity in the Kathmandu Valley and remote districts,” said Singh. Wind energy projects can play a vital role in rural electrification, Singh said.
According to Shiv Raj Uday, an official representing the Indian firm, the Indian government had been providing grant of more than 80 percent for generation of wind energy in India. He said the Indian side had provided technical and financial support for the joint-venture.
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