Construction of 135 MW Manang Marsyangdi HP starts Financial closure for the 135 MW Manang Marsyangdi Hydropower Project (MMHP) has been secured with the signing of the Loan Agreement with EXIM Bank, China. Nepal 23 Nov, 2024
'Nepali private sector will collapse if new Electricity Bill is not amended' ​​​​​​​Chairman of Independent Power Producers’ Association, Nepal (IPPAN) Ganesh Karki has said that the Nepali private sector will collapse if the Electricity Bill, 2023 is passed without making amendments. Business 10 Oct, 2023
KRTL inks agreement Kajaria Ramesh Tiles Ltd (KRTL), Nepal’s largest tile manufacturing 50:50 joint venture between Kajaria Ceramics Ltd and Ramesh Corp, has announced the successful financial closure of the consortium agreement. Business 06 Oct, 2023
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
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
Financial closure of Seti Nadi Hydroelectric Project KATHMANDU: NMB Bank has successfully executed financial closure of Seti Nadi Hydroelectric Project having an installed capacity of 25 MW. The project is being developed by Vision Lumbini Urja Company. The project is located at Machhapuchchhre Rural... 17 Oct, 2020
Power authority set to lose Rs 25bn annually KATHMANDU, JUNE 16 Due to failure of the government to reform its policies and take any initiative to formally open the Indian market for electricity trade, electricity worth more than Rs 25 billion is expected to go to waste next fiscal... 17 Jun, 2020
COVID-19 in Nepal�s power sector Electricity connects resources to the economy and is related to the well-being of the people. From that perspective, power sector development cannot be a unilateral approach. It demands national collaboration amongst the political parties, government... 07 Apr, 2020
Malaysian firm to invest in Myagdi Khola hydel Kathmandu, March 14 A Malaysia-based company, Serba Dinamik International Ltd (SDIL), has signed a memorandum of understanding (MoU) with Hydro Village Pvt Ltd (HVPL) to cooperate and collaborate in developing and operating the 57.3-megawatt Myagdi... 15 Mar, 2020
CKSHP achieves financial closure KATHMANDU: NMB Bank has successfully executed the financial closure of Chepe Khola Small Hydropower Project (CKSHP) having an installed capacity of 8.63 MW. The project being developed by Aashutosh Energy is located at Dudh Pokhari Rural... 21 Feb, 2020
