Nepal in priority for investment: AIIB The Asian Infrastructure Investment Bank (AIIB) has said it accords top priority to Nepal. A visiting high-level delegation from the AIIB said this during a meeting with Finance Minister Barshaman Pun, according to the Minister's Secretariat. Business 26 Mar, 2024
FinMin Mahat calls for concessional mechanism Minister for Finance Prakash Sharan Mahat has called for concessional financial assistance for the development of underdeveloped countries like Nepal. Business 27 Sep, 2023
Minister lays foundation stone for dam of UT-1 ​​​​​​​Minister for Energy, Water Resources and Irrigation Shakti Bahadur Basnet has laid the foundation stone for the construction of 29.5-metre high dam of the 216 MW Upper Trishuli-1 (UT-1) runof-the-river hydroelectric project in Trishuli River of Rasuwa District. Business 13 Sep, 2023
Diversion tunnel of 216-megawatt Upper Trishuli-1 project completed The construction of a diversion tunnel of 216 MW Upper Trishuli-1 (UT-1) run-of-theriver hydroelectric project in Rasuwa district has been completed. Business 02 Mar, 2023
Worldwide coronavirus cases cross 25.28 million, death toll over 845,500 At least 25,280,634 people have been reported to be infected by the novel coronavirus globally and 845,850 people have died, a Reuters tally showed. Infections have been reported in more than 210 countries and territories since the... Women 31 Aug, 2020
Government starts discussion with donor agencies to raise investment Kathmandu, May 16 The government has started discussions with development partners to raise investment for the 635-megawatt Dudhkoshi Reservoir Hydropower Project. Authorities at the International Economic Cooperation Coordination Division of the... 17 May, 2020
AIIB approves $112.3 million loan for rural electrification project Kathmandu, December 22 The Asian Infrastructure Investment Bank (AIIB)’s board of directors has approved a $112.3 million loan to Nepal to increase access and improve the quality and efficiency of electricity supply across Province 5 and Karnali... 23 Dec, 2019
$453.2m pact signed to develop UT-1 hydel Kathmandu, November 1 The Nepal Water and Energy Development Company (NWEDC) today inked a financing agreement with nine international lenders — International Finance Corporation (IFC), Asian Development Bank (ADB), Asian Infrastructure Investment... 02 Nov, 2019
NEA plans to connect all districts to national grid Kathmandu, August 18 Nepal Electricity Authority (NEA) has stated that it will provide electricity through the national grid to all the households across the country within two years. Speaking at the 34th anniversary of the power utility, Kul Man... 19 Aug, 2019
Government starts inking agreements for electrification Kathmandu, July 9 The government has started roping in development partners to fulfil its aim to expand electricity access to every household of the country within three years. Even though electrification in the country dates back 104 years,... 10 Jul, 2019
High-level AIIB representative to attend investment summit Beijing, February 26 Chief Executive Officer of Investment Board Nepal Maha Prasad Adhikari, met with President Jin Liqun of China-headquartered Asian Infrastructure Investment Bank in Beijing today. As per Nepali Embassy in Beijing, Adhikari... 27 Feb, 2019
Govt seeks assistance to develop four hydels Kathmandu, October 28 The government is looking for financing from the multilateral banks to take forward some energy projects. According to the International Economic Cooperation Coordination Division, the Ministry of Finance (MoF) has proposed a... 29 Oct, 2018
