Europe-based ALAS Group announced it has signed a Memorandum of Understanding (MoU) with Pike Hydropower for collaboration in the renewable energy sector under the Nepal government's Public Private Partnership (PPP) policy.
"ALAS Group has previously shown an interest in Nepal, and with their support and by signing this MoU, we hope to come closer to an agreement that will benefit our nation and the continuous improvement of our infrastructure,” Executive Chairman of Pike Hydropower Rajendra Prasad Tiwari said.
Dustin Paul Wilden, Chairman of ALAS Group, plans to meet with senior members from the Cabinet of Nepal to discuss future PPP-related opportunities and investments. "Being a front figure in the aviation industry and receiving a formal invitation from major stakeholders in Asia to take part in a renewable energy project is a great honor and opportunity for ALAS Group,” he said.
He added sustainability is deeply embedded throughout his organization as a strategic priority.