Minister for Energy, Water Resources and Irrigation Barshaman Pun laid a foundation stone for the 37-MW Trishuli 3B hydroelectric project to be built in Rasuwa and Nuwakot districts. Amid a function held at Kispang rural municipality-5 in Nuwakot, the minister directed the authorities to complete the construction of the project within the stipulated time and given a budget. The project is expected to start generating power in the next two years.
Finance Minister Yubaraj Khatiwada is arriving in the United Kingdom on February 20. A spokesperson at the Embassy of Nepal in London, Sharadraj Aran, told Republica Online that the finance minister is arriving here to participate in "Nepal Development Conference" as the chief guest.
Venezuela’s state-run oil company PDVSA is telling customers of its joint ventures to deposit oil sales proceeds in an account recently opened at Russia’s Gazprombank AO. PDVSA’s move comes after the United States imposed tough, new financial sanctions on Jan. 28 aimed at blocking Venezuela’s President Nicolas Maduro’s access to the country’s oil revenue.
The deaths of 10 teenagers in a fire at Brazil’s Flamengo soccer club highlighted the precarious conditions many youngsters face as they chase the dream of becoming professional footballers. The boys, all aged between 14 and 16, were killed when a fire swept through the Flamengo training centre on the outskirts of Rio de Janeiro early on Friday morning. Three others were injured, one seriously.