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Energy | Nepali Economy
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Tag Archives: Energy

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

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

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

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

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

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

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

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

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

Nepal is a transit country not land-locked: Shrestha

Nepal is a transit country rather than a land-locked nation, according to Adjunct Faculty at the Economics Department Dr Omkar Shrestha. Addressing the students at Kathmandu University School of Management’s talKusom programme on May 2, Shrestha – who is with