DEN OEVER, The Netherlands 6/20/12 (PennWell) -- Dutch turbine manufacturer Tocardo International has closed a deal to sell 25 of its T100 generating units to Glow Tech Solutions of Nepal.
The turbines will add a total capacity of 2.5 MW to Nepal's grid once connected, the company says.
Installation of the turbines is being supported by The Netherlands' Private Sector Investment program, which has allocated funds to create a joint venture between Tocardo and Glow Tech Solutions. The hope is that the agreement will help create Dutch jobs as production and assembly of the turbines accelerates over the next few years.
"By starting with smaller turbines that are relatively easy to install and maintain, we are quickly developing this new energy source," says Tocardo Chief Executive Officer Hans Van Breugel.
Financial terms of the deal were not disclosed.
HydroWorld.com reported earlier this week that Nepal is hoping to attract more than US$6 billion in hydroelectric development investments.