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Category Archives: Energy

Committee submits report on Upper Karnali PDA to premier with more recommendation

A high-level committee submitted its report on revised draft Project Development Agreement (PDA) for Upper Karnali Hydropower Project to Prime Minister Sushil Koirala. The report has added some more recommendations for the proposed 900 MW-Upper Karnali Hydropower Project. The government

NEA buys 35.7 per cent more power from India to reduce load-shedding hours

Despite increase import of electricity from India every year and , the scheduled load shedding hours have not gone down, especially in the dry season, according to a Nepal Electricity Authority (NEA) report. In the previous fiscal year 2013-14, the

Mahat lobbies for hydropower development

Finance Minister Dr Ram Sharan Mahat said that politics of opposition has pushed the country backwards. The country will remain backward, if the politicians continue to play an obstructionist role, he said, addressing the 15th annual general meeting of the

Finance Minister talks tough against crusher industries

The government has reaffirmed its stance on crusher industries. Addressing entrepreneurs here today at the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) finance minister Ram Sharan Mahat said that thee government see the crusher industry follow the new

Chinese developer to visit Kathmandu for West Seti Project next week

A high level team from China is planning to visit Nepal by the end of August to discuss construction of West Seti Hydel Project. CWE Investment – a subsidiary of the China Three Gorges Corporation – is developing the 750-MW

Committee waits Finance Ministry’s recommendation for PDA

A committee to suggest on Upper Karnali Hydroelectric project draft Project Development Agreement (PDA) might take some days to report to the Prime Minister as it is waiting for the recommendations from Finance Ministry. The committee – led by National

NOC team visiting Mumbai to discuss petroleum pipeline

Nepal Oil Corporation (NOC) and Indian Oil Corporation (IOC) is holding second round of talks on petroleum pipeline from Wednesday. A six-member NOC team – led by NOC managing director Chandika Prasad Bhatta – is leaving for Mumbai on Tuesday

PDA study team divided over cash subsidy proposal, downstream impact

A study team formed to advice on Power Development Agreement (PDA) for Upper Karnali Hydropower Project is itself divided over cash subsidy proposal. Members of the technical committee – led by vice chair of the National Planning Commission Dr Govinda

Energy secretary seeks authority for PTA talks

Energy secretary Rajendra Kishore Kshatri asked the government that he should be allowed to take decision, he has to sit for bilateral talks with India on power trade. Seeking the guidelines for decision making power with the lawmakers at Agriculture

Hydroelectricity Investment and Development Company launches long-term wholesale loan for banks

Hydroelectricity Investment and Development Company is lending commercial banks a long-term wholesale loan and refinancing facility to invest in hydropower projects. Launching the Onlending/Refinancing Policy today, the company’s chief executive officer Deepak Rauniyar said that the new move is aimed

Land acquisition for petroleum oil pipeline to complete in three months

Nepal Oil Corporation (NOC) and Indian Oil Corporation (IOC) – at the end of two-day talks – today agreed to acquire land and distribute compensation for the Amlekhgunj-Raxaul petroleum pipeline within three months. The 41-km proposed cross-border petroleum pipeline from

House panel asks government to seal PDA within September 18

A Parliamentary committee on Agriculture and Water Resources today instructed the government to sign power development agreement (PDA) with India’s GMR-ITD Consortium within September 18. Earlier this month, both Nepal and India had agreed to conclude the Upper Karnali PDA

Parliamentary committee asks energy minister to table energy bills at the earliest

Agriculture and Water Resources Committee under legislature-parliament today directed Energy Ministry to table Electricity Bill and Electricity Regulatory Bill in the parliament as soon as possible. Electricity Bill will replace current Electricity Act 1992, whereas  Electricity Regulatory Bill will help

Upper Tamakoshi gears up for public issue

Upper Tamakoshi Hydropower is soon issuing shares to the locals of Dolakha district, where the 456-Mega Watt hydropower plant is under construction. “In the first phase, the company is issuing a total of 36,006,000 units of shares to the Dolakha

Some 15 people trapped in hydropower project tunnel

Around 15 workers were today trapped inside a hydropower project tunnel in the western part of the country following a mudslide. The workers of the 25-MW Upper Madi Hydropower Project in Sildujure of Kaski district – some 250-km away from

Japan provides 1.475 billion grant for restoration of micro hydro projects

The Government of Japan ha agreed to provide a grant assistance of Rs 1.475 billion for the restoration of micro hydro projects in the western region. Finance secretary Yubaraj Bhusal and Japanese ambassador to Nepal Masashi Ogawa signed the agreement

Parliamentary panel takes stock of taxes in fuel

The parliamentary committee that was formed to recommend moves to reform petroleum business is considering suggesting waiver of taxes, preferably VAT, on cooking gas. The 11-member committee has been taking stock of the tens of billions of fuel business and

NOC goes bankrupt due to heavy loss in cooking gas

Nepal Oil Corporation is bankrupt due to heavy loss in cooking gas. The state oil monopoly is selling a cylinder of Liquified Petroleum Gas (LPG) at Rs 1,470 that is Rs 681.91 less than its purchase price. It costs Rs