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Category Archives: Energy

South Asia receives largest chunk of climate finance

South Asia received the largest share of climate finance from the multilateral development banks last year, according to a report. Among the regions, South Asia received the largest share of total funding, at 21 per cent. Latin America and the

Consultant to clarify stand on Tanahu hydropower

The consultant of Tanahu Hydropower Project is preparing to clarify Nepal Electricity Authority (NEA) on its position on 140-MW hydel project. Nepal Electricity Authority (NEA) has last week asked the consultant to clarify its position on signing the contract for

NOC seeks CIAA support to carry out cylinder verification

Nepal Oil Corporation (NOC) requested Commission for the Investigation of Abuse of Authority’s (CIAA) support in carrying out cooking gas cylinder verification. The state petroleum supply monopoly sought the anti-corpution watch dog’s help after the gas bottlers refused to cooperate

Chinese company to develop 750-MW West Seti

A meeting of Investment Board Nepal chaired by Prime Minister Sushil Koirala today approved investment from a Chinese company to develop the 750-megawatt West Seti Hydropower Project. The project that is estimated to cost Rs 160 billion will now be

No reduction in fuel price despite auto pricing mechanism

Nepal Oil Corporation (NOC) failed to adjust fuel prices in line with international market prices, despite the adoption of the auto pricing mechanism. The state oil monopoly – that receives price list every first and 16the day of the Gregorian

Bottlers end protest after pact with NOC

Bottlers of liquefied petroleum gas (LPG) – popularly known as cooking gas – today called off their protest after they reached an agreement with Nepal Oil Corporation (NOC). They agreed to form a committee to study actual market demand and

Ensure smooth supply of cooking gas during festivals: Government

The government has directed to supply enough liquefied petroleum gas (LPG) – popularly known as cooking gas – during the festivals. Nepal Oil Corporation (NOC) and gas dealers have reached an agreement to supply the cooking gas smoothly, the government

NEA imports electricity meters, ready to distribute

Nepal Electricity Authority (NEA) has imported some 73, 450 pieces of meters from China. The metres that have arrived at Raxaul customs few days ago will be distributed after necessary test in central storage in Hetauda by mid-September, the authority

NOC-IOC to finalise pipeline draft agreement next week

An Indian Oil Corporation (IOC) team is visiting Kathmandu on Sunday to finalise draft agreement to construct cross border petroleum pipeline. A six-member IOC delegation will reach Kathmandu on Sunday, informed Nepal Oil Corporation (NOC). “The team will in a

Government plans to ensure smooth supply of petroleum products

The government today directed all the concerned stakeholders to make supply of petroleum products smooth before the festive season. The Office of the Prime Minister and Council of Ministers has also asked Department of Commerce and Supply Management to increase

Nepal‚ India seal power trade deal

Nepal and India today signed much-awaited Power Trade Agreement in New Delhi. Energy secretary Rajendra Kishore Kshatri and his Indian counterpart Pradeep Kumar Sinha signed the much awaited and debated trade deal but without incorporating provisions on power generation. The

Petroleum tankers threaten of strike

Nepal Petroleum Transporters’ Federation today threatened to stop fuel supply from September 6, if their demands are not addressed. As Nepal Oil Corporation (NOC) failed to address our demands, we are forced to stop fuel supply, the federation president Khagenra

Investment Board asks Finance Ministry to clarify on incentive

Investment Board of Nepal asked the Finance Ministry to clarify on cash incentive to GMR Group, the developer of 900-MW Upper Karnali hydroelectric project. The board has asked us to clarify on Rs 5 million cash incentives for every megawatt

Nepal-India to begin PTA talks from tomorrow

Nepal and India are starting negotiations on power trade agreement in New Delhi from tomorrow. As the cabinet yesterday approved a seven-member team led by energy secretary Rajendra Kishore Kshatri to hold talks with the Indian team led by India’s

Government authorises team for power trade agreement negotiation with India

The cabinet today approved a team led by energy secretary Rajendra Kishor Chhetri to hold talks with India on Power Trade Agreement (PTA). The meeting of the Council of Ministers – at the Prime Minister’s official residence in Baluwatar today

NOC proposes IOC to ‘gift’ petroleum pipeline project

Nepal Oil Corporation (NOC) has asked Indian Oil Corporation (IOC) to construct Amalekhgunj-Raxual petroleum pipeline as a ‘gift project’. The Nepali delegation, in the bilateral talks in New Delhi recently, proposed Indian officials to construct the dream pipeline project and

Power Trade Agreement talks to begin on September 3

Energy Ministry has proposed to September 3-5 for power trade agreement (PTA) talks with India. The proposal of the talks that has been planned in New Delhi has already been sent to the Indian side, joint secretary at the ministry

Chief secretary, governor against cash incentive to GMR

Two of the influential members of technical committee on Project Development Agreement (PDA) draft of mega project Upper Karnali still have reservation on the cash incentive. Chief secretary Leela Mani Paudyal and central bank governor Dr Yuba Raj Khatiwada have