Chinese company Chongquin Machinary & Electronics Holding (Group) Co Ltd (CME) has partnered with People’s Energy Ltd (PEL) to construct the Khimti-2 Hydroelectricity Power Plant in Nepal. The 48.8 megawatt project of US$ 88 million is to be constructed in the Khimti River situated in the bordering areas of Dolakha and Ramechhap districts. The two companies signed a contract for this purpose on Friday.
KATHMANDU, July 7: Sugarcane farmers in the southern belt of the country have been awaiting payments for thousands of tons of canes bought by local sugar mills for the past many months. However, the government has not been able to take firm action against mill operators who have been dilly-dallying on releasing payments to farmers.
KATHMANDU, June 24: Price of vegetables has gone up significantly over the past week. While retailers attribute the price hike to erratic supply in the market due to monsoon rains, officials of Kalimati Fruits and Vegetable Market Development Board say price has gone up as traders are keeping high profit margin.
KATHMANDU, June 21: The price of mangos in the Nepali market has fallen by 16.5 percent this year compared to last year. A comparison of price of mangos at the Kalimati Fruits and Vegetable Market suggests that the average price of mangos has fallen by Rs 16 per kilogram in the third week of June than the cost of the fruit in the same period last year.
KATHMANDU, June 7: The import of fertilizers (chemical and organic combined) in the first 10 months of the current fiscal year has surged by nearly half compared to import figures of the same period of Fiscal Year 2016/17.
KATHMANDU, June 5: Nepal Oil Corporation has hiked fuel prices regularly under an automatic pricing mechanism in the last seven months. The steady price hike has impacted the price of daily commodities, and airfares are also to increase by Tuesday. NOC’s latest price hike comes against a fall in international prices.
KATHMANDU, May 27: Making sugar mills pay the dues of sugarcane farmers was one of the main agendas of the Minister for Industry, Commerce and Supplies Matrika Prasad Yadav after assuming office. But farmers are yet to be paid.
KATHMANDU, May 21: Nepal’s export to China via Rasuwagadhi customs jumped by nearly two and half times over the first nine months Fiscal Year 2017/18, compared to export figures of the same period a year earlier.
KATHMANDU, May 19: The price of vegetables in the Nepali market has grown by a whopping rate according to the Nepal Rastra Bank (NRB). A report published by the NRB suggests that the vegetable prices have risen significantly by 24.7 percent in the first nine months of this fiscal year.
KATHMANDU, May 15: Although over 5,000 public vehicles older than 20 years are plying the roads across the country according to government estimates, only 395 have been taken under control or dismantled, a data compiled by the Department of Transport Management (DoTM) shows.
KATHMANDU, May 14: The signing of a five-point agreement between Federation of Nepalese National Transport Entrepreneurs Association (FNNTEA) has paved the way for entrepreneurs interested to operate public vehicles in specific routes to receive road permit with ease.