The companies come together in Kathmandu where the wind energy tapped will be used to generate electricity.
"This company aims to tap wind to generate electricity in the Kathmandu Valley and remote districts. Wind energy projects can play a vital role in rural electrification," said Bahadur Singh, executive director of the joint venture.
Shiv Raj Uday, an official representing the Indian firm, said that the Indian Government had been providing grant of more than 80 per cent for generation of wind energy in India. He also added that the technical and financial support from India has been supplied for the venture.
A Study that took place in Mustang, Ramecchap, Kathmandu, Okhaldhunga, Makwanpur, Palpa, Pyuthan, Myagdi and Kaski districts, Kantipur reports that 70 MW can be generated in the valley, and the government aims to generate 20 MW.
"According to the study, one kilowatt (KW) produced can light 12 CFL bulbs (each having capacity of 15 watt), two fans, three television sets and two computers. One-kilowatt bulb can produce electricity for seven to nine hours continuously," Singh added.