KATHMANDU, Nov 23:  Minister for Energy, Water Resources and Irrigation, Shakti Bahadur Basnet, has said the government has been taking planned and meaningful initiatives for the overall development of the country's energy sector.

KATHMANDU, Nov 8: In a significant achievement, Sushil Pokharel, the Founder of Bizbell, has been elected as the Vice-Chair of the International Hydropower Association (IHA) for the term 2023-2025.

KATHMANDU, Nov 3: The Government of Nepal and donor agencies have pledged to expedite the construction of the 1,161-megawatt Upper Arun Hydropower Project based at Bhotekhola Rural Municipality of Sankhuwasabha district.

KATHMANDU, Sept 26: The Securities Board of Nepal (Sebon) has tightened the noose on hydropower companies regarding issuance of their primary share and trading of promoters’ shares.

KATHMANDU, Sept 12: Finance Minister Dr Prakash Sharan Mahat has said there is immense potential for hydropower and tourism in Nepal.

Myagdi, Aug 17: Hydropower projects have been affected due to the frequent obstruction of the Beni-Darbang road following landslides. As a result of road obstruction, the supply of construction materials and fuel has been affected thus leading to disturbances in the projects, it has been said.

KATHMANDU, June 24: A total of 30 hydropower projects in Eastern Nepal sustained damages worth Rs 8.5 billion due to floods that took place in the past few days.

KIMATHANKA, June 15: Continuous rainfall for the past few days has damaged the temporary dam of the under-construction 900MW Arun III Hydropower Project based in Sankhuwasabha district.

KATHMANDU, June 3: A total of nine hydropower companies have been waiting to receive approval of the Securities Board of Nepal (Sebon) to issue their initial public offerings (IPOs) worth Rs 1.982 billion.

Based on the experiences of the landlocked countries, for rapid transformations of the economy and national development of Nepal, hydropower and tourism are undoubtedly the two strong development pillars.

Mai Khola Hydropower to issue IPO

February 27, 2023 15:51 pm

KATHMANDU, Feb 27: Mai Khola Hydropower Limited is issuing ordinary shares to the public from March 9. The company is going to open the initial public offering (IPO) sale for the residents of the project-affected areas and Nepalis who are employed abroad.

KATHMANDU, Feb 22: Three hydropower projects of 29.72 MW received the government approval for construction during one month of mid-January and mid-February.

Nepal’s Dreams of Hydro Dollars

February 3, 2023 07:37 am

The growing interest of neighboring investors in Nepal’s hydropower reaffirms that energy is an area where all the countries of South Asia have much to gain through cooperation, and  Nepal’s surplus electricity would fulfill their power demands at a considerable level. It would support transforming Nepal’s economy in a new horizon by fulfilling Nepal's dreams of earning hydro dollars.

KATHMANDU, Jan 28: Two Chinese companies have been shortlisted for construction of the 100 MW Tamakoshi-5 Hydropower Project.

KATHMANDU, Jan 16: The 30th Annual General Meeting of Butwal Power Company Limited was held on January 14 in Kathmandu under the chairmanship of the Chairman of the Board of Directors, Padma Jyoti.

KATHMANDU, Dec 6: Private hydropower companies say they incurred losses of Rs 1 billion due to the reluctance of Nepal Electricity Authority (NEA) to procure the electricity produced by the private power producers.

KATHMANDU, Nov 24: The Securities Board of Nepal (SEBON) has permitted five hydropower companies to issue 41.40 million units of their primary shares.

KATHMANDU, Nov 13: A total of eight hydropower projects with a production capacity of 86.295 MW sought to receive license in the past one month.

KATHMANDU, Nov 12: Happy Energy Pvt Ltd is constructing 40 MW Upper Sankhuwa Khola Hydropower Project (USKHP).

KATHMANDU, Nov 10: The construction work of 439 MW Betan Karnali Semi-reservoir Project, which is being constructed under leadership of the Employees Provident Fund (EPF), is all set to start from next year.

KATHMANDU, Nov 8: The government has expedited the preparations to construct 61.02-MW Humla-Karnali Hydropower Project.

KATHMANDU, Sept 20: Prime Minister Sher Bahadur Deuba has asked the Indonesian Ambassador to Nepal to facilitate bringing in Indonesian investment to Nepal's hydropower and tourism sectors.

KATHMANDU, Sept 19: Nepal Electricity Authority (NEA) is signing power purchase agreements (PPAs) with hydropower projects for the production of around 1,500 MW hydroelectricity.

KATHMANDU, August 28: Saying that some “fake” developers were holding licenses for hydropower projects worth some 1,600 MW but doing nothing in terms of power production, the government has said it will scrap such licenses as the developers have shown apathy to build these projects.

KATHMANDU, August 24: The Agriculture, Cooperative and Natural Resources Committee under the House of Representatives has directed the government agencies concerned to immediately implement the recommendations made by the on-site monitoring report of Tanahun Hydropower Project and Rahuganga Hydropower Project.

KATHMANDU, July 26: A total of seven hydropower projects with a capacity totaling 115.89 MW received feasibility study licenses in the past three months.

KATHMANDU, July 25: Around 88 percent construction work of Super Dordi ‘B’ Hydropower Project in Lamjung has been completed.

KATHMANDU, July 20: The government issued new licenses, including permits for survey and construction, to 56 hydropower companies that have planned to produce 1,587 MW of electricity in total, in the fiscal year 2021/22.

KATHMANDU, June 7: The government has approved an investment worth Rs 25.92 billion to build two hydropower projects.

LUMBINI, May 16: A bilateral meeting between Prime Minister Sher Bahadur Deuba and his Indian counterpart Narendra Modi to be held here this afternoon would focus on the construction of hydropower projects, development of physical infrastructure of Nepal and expansion of connectivity.

Gandaki Province counts on the recently-built international airport in Pokhara, under-construction roads connecting it to the country's both southern and northern neighbors, hydroelectricity projects in different parts of the province, and its immense tourism potential to embark on the journey to prosperity.

Enduring long hours of load-shedding everyday for over a decade, Nepal became free from the problem of power blackout only a couple of years ago. And today, perhaps for the first time in its history, the country produces 2150MW of electricity, against the present peak demand of around 1500 MW. This has heightened the country’s hydro hopes in terms of both domestic consumption and exporting the surplus power to neighboring India and Bangladesh – the best way to address the perennial problem of widening trade deficit.

KATHMANDU, March 12: Almost half of the construction work of the 900-MW Arun-III Hydropower Project has been completed.

KATHMANDU, March 9: An additional 27 megawatt of hydroelectric power will be added to the national grid by April-end this year with the Dordi Khola Hydropower Project (DKHP) reaching almost the final stage of completion of its construction.

KATHMANDU, March 9: Work on the 37 MW Upper Trishuli 3B Hydropower Project under-construction in Rasuwa and Nuwakot under the People's Hydropower Program has gained momentum. The overall physical construction progress of the project, which has been affected by the COVID-19 pandemic, has reached 58 percent so far.

KATHMANDU, March 4: The production by hydropower projects in Ilam and Panchthar districts has declined by more than half. The production has decreased by more than half as the water level in the rivers in the district has receded in winter.

KATHMANDU, Jan 24: The Department of Electricity Development (DoED) is carrying out the feasibility studies of four hydroelectricity projects with an accumulative capacity of 1,371.85 MW.

KATHMANDU, Dec 9: Minister for Energy, Water Resources and Irrigation, Pampha Bhusal said that the share of electric energy in the energy consumed in the country will be increased.

KATHMANDU, June 20: The landslides and floods in the past few days have caused damages worth an estimated Rs 10 billion to a number of private hydropower projects, said hydropower producers.

KATHMANDU, May 23: The Likhu-4 Hydropower Project has witnessed some serious damage in its structure at a time when the project is all set to start a production test, raising questions on the quality of work in the engineering of the hydropower projects being constructed by some private companies.

KATHMANDU, Jan 20: Foreign investors have pledged an investment of Rs 515 billion in projects related to the hydropower and energy sector. But the stakeholders have failed to bring in the investment as pledged by foreign investors.

LAMJUNG, Jan 20: Five hydropower projects are under construction in the district at the total cost of Rs 23 billion. These hydel projects are based in Dordikhola and Dordi corridor.

TIKAPUR, Jan 6: The construction of powerhouse under hydropower component of Rani Jamara Kulariya Irrigation Project is moving ahead at a fast pace.

MAKAWANPUR, Aug 22: The Kulekhani Third Hydropower Project is generating 14-MW electricity before Dashain festival that falls on early weeks of October. The project being constructed at Bhimphedi rural municipality-1, Sanotar in Makawanpur is contributing 14-MW to the national grid.

KATHMANDU, Aug 10: Expanding its various business ventures under its welfare activities, the Nepal Army (NA) is preparing to run pharmaceutical companies in the near future, a top army official said on Friday. Brigadier General Sagar Bahadur KC, who heads the Welfare Planning Directorate of Nepal Army, said they are currently making necessary preparation to establish such companies to manufacture vital medicines within the country.

PANCHTHAR, Aug 7: Construction of Iwakhola Hydropower Project (9.9 MW) has been completed.

SINDHUPALCHWOK, July 8: Two construction workers went missing while two others sustained injuries due to floods triggered by incessant rainfall in Sindhupalchok district on Saturday night. The injured workers -- Kami Tamang and Pembathokel Sherpa, who were rescued using the long line technique -- were airlifted to Kathmandu for further treatment.

KATHMANDU, June 22: Nepal and Bangladesh were agreed to jointly invest in the feasible hydropower project in Nepal.

DOLAKHA, June 20: Three of six hydropower projects being developed by the private sector in northern Dolakha are starting generation before Dashain festival i.e. mid-September.

GORKHA, May 23: The locals of Gorkha displaced by the Budhigandaki Hydropower Project have expressed dissatisfaction regarding the land allocation by the project to rehabilitate them.re