Nepal-based Urja Developers are an umbrella group targeting 1GW of carbon-neutral energy by 2030 which aligns with the Government of Nepal’s longer-term aim of generating all of its electricity from renewable sources.
Hydropower and solar are at the forefront of this drive, with its portfolio already consisting of more than 400MW with two hydropower plants in operations4and others in various phases of development.
Upon becoming IHA members, Bhanu Pokharel, Managing Director at Urja Developers, said: “Integrating environment, social and governance considerations into business strategies is not just a choice – but a responsibility towards our planet and future generations. Urja Developers is committed to prioritising sustainability standards in Nepal's energy sector and creating long-term value for all stakeholders.”
Eddie Rich, CEO of IHA, commented: “We are delighted to welcome Urja Developers to the IHA family. Nepal is planning to move from 2GW of installed hydropower capacity now to 17GW by the end of the decade. Developers like Urja are leading the way for the country and have lessons for the world.”