Kaihan enters Nepal hydroelectric power market with BITMAIN partnership
Kaihan Co is venturing into Nepal's hydroelectric power sector through a basic agreement with BITMAIN Technologles Limited, marking a significant step in its renewable energy initiatives. Kaihan's subsidiary, NEPAL HYDRO POWER PLANT Pvt Ltd, will establish KS Hydropower Private Limited (KS HYDRO 社), in which BITMAIN will make an investment, the specifics are currently under discussion. The generated electricity will be sold to Nepal Electricity Authority under a long-term contract, and surplus power will be sold to BITMAIN, aligning with BITMAIN's need for stable, low-cost energy for its data centers and its commitment to clean energy. The initial development phase has a total investment of JPY 6,066,643,854.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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