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Govt generous in PDA, PPA with foreign developers
Published On: December 26, 2016 09:27 AM NPT By: Rudra Pangeni
KATHMANDU, Dec 26: The government has decided to pay price of electricity to a foreign developer, even if Nepal Electricity Authority (NEA) fails to do so, giving preferential treatment to projects with foreign direct investment.
NEA to import additional 80 MW from February
Published On: December 24, 2016 10:33 AM NPT By: Rudra Pangeni
KATHMANDU, Dec 24: Nepal has signed a fresh agreement to import an additional 80 MW of electricity with India.
Smooth sail for Arun III land acquisition process
Published On: December 21, 2016 01:10 AM NPT By: Rudra Pangeni
SANKHUWASABHA, Dec 21: Arun Power Development Company (APDC) is about to complete land acquisition process for the Arun III hydropower project (900 MW).
Nepal Army: All eyes on profits
Published On: December 19, 2016 12:20 PM NPT By: Rudra Pangeni
KATHMANDU, Dec 19: The estimated cost for the Devsthal-Kainadanda section of Jajarkot-Dunai road was Rs 195.4 million. The actual project cost exceeded this by Rs 88.42 million, without sufficient technical clarifications.
Changes felt in daily life
Published On: December 10, 2016 11:02 AM NPT By: Rudra Pangeni
KATHMANDU, Dec 10: No load-shedding for a month has had a number of positive impacts in the lives of people, and industries and businesses have also felt relief from having to spend about three times more on diesel-produced electricity.
Indian policy discourages non-Indian hydropower investors
Published On: December 8, 2016 09:22 AM NPT By: Rudra Pangeni
KATHMANDU, Nov 8: India has brought cross border electricity trading policy to facilitate energy trading with neighboring countries.
Unstable policies, standards, procedures hindering reconstruction
Published On: December 7, 2016 08:21 AM NPT By: Rudra Pangeni
KATHMANDU, Dec 7: Technicians involved in reconstruction works have claimed that frequent changes in the provisions and policies on reconstruction, lack of adequate number of VDC secretaries and resource centers have affected the reconstruction process.
3 NEA board members prevent MD from setting up subsidiaries
Published On: December 3, 2016 12:00 AM NPT By: Rudra Pangeni
KATHMANDU, Dec 3: While the new management at Nepal Electricity Authority has received accolades from the public for reducing power cuts significantly, three members of the NEA board have opposed a number of key agenda items tabled by Managing Director Kulman Ghising at a board meeting.
Prime minister has no time for IBN meetings
Published On: December 1, 2016 12:50 AM NPT By: Rudra Pangeni
KATHMANDU, Dec 1: Investment Board Nepal (IBN) has not been able to hold even a single board meeting in the past four months. Reason: Prime Minister Pushpa Kamal Dahal, the chair of the IBN board, has no time to attend the meeting.
Ktm Valley factories mull expansion on low power cuts
Published On: November 22, 2016 09:13 AM NPT By: Rudra Pangeni
KATHMANDU, Nov 22: Uninterrupted power supply in the Kathmandu Valley since past couple of weeks has boosted the confidence of industrialists and hoteliers. With their operating cost coming down significantly, they are already chalking out expansion plans.
No plan yet for spending Rs 10 b allocation
Published On: November 16, 2016 03:36 AM NPT By: Rudra Pangeni
KATHMANDU, Nov 16: The previous government's declaration in May to build the Kathmandu-Tarai Fast-Track road on its own was widely welcomed and many hoped to see steady progress in the dream project, but so far there has been no action at all.
Demand-side management works wonders to reduce power cuts
Published On: November 11, 2016 05:05 AM NPT By: Rudra Pangeni
KATHMANDU, Nov 11: It has already been four days since the Nepal Electricity Authority (NEA) started supplying electricity throughout the country round the clock even after industries resumed operation after the festive holidays.
Outbound tourism growing, but inbound slows
Published On: November 5, 2016 12:40 AM NPT By: Rudra Pangeni
KATHMANDU, Nov 5: The Nepal Tourism Year 2011 campaign had set a target of welcoming one million foreign tourists into the country and giving a major boost to inbound tourism. But the outcomes seem to be in the opposite direction, as outbound tourism has witnessed healthy growth in the past five years while tourist arrivals have witnessed negative growth in the past three years.
Bangladesh outpaced Nepal in just a decade
Published On: October 24, 2016 02:00 AM NPT By: Rudra Pangeni
KATHMANDU, Oct 24: Economic indicators of Bangladesh were worse than Nepal's a decade ago.
Nepal-India Trade Treaty to be renewed without any change
Published On: October 6, 2016 01:30 AM NPT By: Rudra Pangeni
KATHMANDU, Oct 6: Nepal imported 5.4 times more from India than it exported to the southern neighbor in 2009 when the country signed a trade treaty with India hoping to reduce trade imbalance.
Pensioned govt staff rake in double moolah as consultants
Published On: September 27, 2016 01:20 AM NPT By: Rudra Pangeni
KATHMANDU, Sept 27: Retired government employees, particularly of the higher ranks, are re-appointed at different government entities and also as consultants by different government-run projects.
Nine lawmakers in Laos to observe infra projects
Published On: September 22, 2016 12:20 AM NPT By: Rudra Pangeni
KATHMANDU, Sept 22: Nine members of the parliamentary Development Committee left for Laos on a weeklong visit on Monday to study infrastructure projects implemented by the South East Asian country which has seen rapid economic development in recent years.
$1 billion Indian soft loans downsized to $550 million
Published On: September 21, 2016 02:08 AM NPT By: Rudra Pangeni
KATHMANDU, Sept 21: Indian Line of Credit (LoC) of US$ 1,000 million has been downsized to $550 million because of the failure of the government to prepare projects to inject the fund.
Energy Minister orders fresh study as past reports gather dust
Published On: September 19, 2016 01:10 AM NPT By: Rudra Pangeni
KATHMANDU, Sept 19: Though the country is reeling under acute energy crisis, the government does not have any official figure of energy demand at present and demand forecast for coming years.
'Govt asking India to downsize Indian Line of Credit'
Published On: September 15, 2016 01:30 AM NPT By: Rudra Pangeni
KATHMANDU, Sept 15: Nepal has failed to fully utilize the Indian line of credit (LoC) of US$ 1,000 that the southern neighbor announced in 2014.
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