EDITORIAL: Last chance for GMR The Supreme Court verdict, which quashed the writ petitions filed against GMR company and the government for allowing the private Indian conglomerate multiple extensions to conclude the financial closure for the 900 MW Upper Karnali Hydel project, has paved the way for taking the venture forward. Opinion 10 Jul, 2023
SC quashes writ against GMR The Supreme Court has quashed the writ petition filed by Karnali residents against GMR company and the government, but issued a directive order to the government telling it not to extend financial close time for the 900 megawatt Upper Karnali Hydel project as much delay has already happened. Nepal 08 Jul, 2023
3-month vocational training for local of Upper Karnali hydropwer project affected area concludes The GMR Varalakshmi Foundation (GMRVF), a corporate social responsibility (CSR) arm of GMR Group, has concluded a 3-month vocational training program in Delhi for locals of the Upper Karnali Hydropower project-900 MW, located in the Karnali province of Nepal. Nepal 28 Mar, 2023
Full electrification in two years: Minister Minister of Energy, Water Resources, and Irrigation Pampha Bhusal has said that the government is carrying out works with the goal of achieving full electrification throughout the country in the next two years. Kathmandu 08 Sep, 2022
Bangladesh to purchase 40-50 MW energy from Nepal During a meeting of the secretary-level Joint Steering Committee (JSC) formed for energy cooperation between Nepal and Bangladesh held today, agreement was reached to export 40 MW to 50 MW of energy to Bangladesh. Business 26 Aug, 2022
GMR vows to complete UKHP on time ​​​​​​​The Grandhi Mallikarjuna Rao (GMR) group, an Indian company, has expressed commitment to complete the Upper Karnali Hydropower Project within the approved time. Business 02 Aug, 2022
EDITORIAL - FDI in energy As India has been facing acute shortage of energy in its local market due to the ongoing war in Ukraine as well as a short supply of coal to its thermal plants, India appears to have focused its attention on making investing in Nepal’s hydropower projects, which could meet its energy demand if harnessed with full potentials. Opinion 08 Jun, 2022
IBN approves investment of Rs 25.92bn for two hydro projects The 51st meeting of the Investment Board Nepal (IBN) was held here today under the chairmanship of Prime Minister and IBN Chairman Sher Bahadur Deuba. Business 08 Jun, 2022
EDITORIAL - Foreign investment Investment Board Nepal (IBN), which is responsible for bringing in foreign direct investment (FDI) in the country in the productive sectors, has approved investments worth approximately Rs 73 billion for the construction and development of two hydropower projects. Opinion 11 Oct, 2021
Global chip shortage hits China's bitcoin mining sector A global chip shortage is choking the production of machines used to "mine" bitcoin, a sector dominated by China, sending prices of the computer equipment soaring as a surge in the cryptocurrency drives demand. Business 27 Jan, 2021
Bangladesh grants LoI to GMR to ink PPR Kathmandu, February 10 The Bangladeshi government has granted letter of intent (LoI) to GMR to ink the power purchase agreement to buy 500 megawatts of electricity from the 900-megawatt Upper Karnali Hydro Electric Project (UKHEP). KK Sharma,... 10 Feb, 2020
EDITORIAL: Positive sign for FDI This is the first time that Nepali banks have had an opportunity to invest heavily in a project of this scale After repeated postponements, SJVN Arun-III Power Development Company has signed the financial disclosure of the India-backed 900 MW... 10 Feb, 2020
