Bizbell Private Limited, a hydropower investment firm and independent power producer based in Kathmandu, has signed a strategic partnership agreement with Blue Water Intelligence, a technology-based water intelligence company headquartered in Toulouse, France.
The partnership between Bizbell and Blue Water Intelligence (BWI) marks an important milestone in the field of water resource forecasting, as it brings together their complementary expertise and resources to address the growing challenges of water monitoring and conservation, said a press statement issued by the company.
With Bizbell’s extensive experience in the renewable energy sector and ambitious plans for developing 1,000MW of hydropower projects, the partnership is well-positioned to make significant contributions to sustainability, according to the statement.
BWI specialises in the monitoring of continental surface water reserves and the forecasting of inland water quality, level, volumes and river discharge worldwide.
The company aims to generate value from Earth observation data by providing subscription-based artificial intelligence solutions to governments and companies involved in managing water resources.
Speaking about the partnership, Sushil Pokharel, Founder of Bizbell said, “There is a critical need for hydrological data in the Nepali hydropower industry. In this context, BWI’s cutting-edge technology will help us to predict actual power generation against contract energy with off-taker”.
Jeremy Fain, CEO of BWI said, “It’s an honour for us to work together with Bizbell to unleash the hydropower potential of Nepal and to contribute to serving South Asian populations in clean energy. After Nepal, the next step will be to partner with Bizbell to develop hydropower production capacity on the African continent.”
Bizbell Private Limited is also the sole representative of Nepal at the International Hydropower Association.