Upper Solu signs Rs 3 billion loan deal with consortium

KATHMANDU, SEP 29 - A consortium of eight commercial banks and Hydroelectric Investment and Development Company Ltd (HIDCL) has pledged loans amounting to Rs 3.07 billion to develop the 23.5 MW Solu Hydroelectric Project.

Cabinet endorses PTA, PDA

A Cabinet meeting on Thursday endorsed the power trade agreement (PTA) that Nepal and India recently initialed, and the amended project development agreement for the 900 megawatt Upper Karnali Hydropower Project.

Project financing in Nepal

The Nepalese economy has seen surplus liquidity in the recent years.  Banks and financial institutions (BFIs) are currently sitting on a big pile of cash due to a heavy increase in deposit mobilization without much expansion in loan advancement. According to the first nine-month data released in the Economic Survey 13/14, deposit collected by BFIs stood at NPR 1,398.9 billion while the lending was NPR 1,095.4 billion. The large amount of loanable money is idle.

Indian Energy Exchange gears up for cross border power trade

In a move that would boost cross border exchange of electricity, country’s largest power bourse IEX expects to have participants from neighbouring Bangladesh and Nepal trading on its platform in the “next few months”.

Power Trade Agreement Between India & Nepal

AGREEMENT BETWEEN THE GOVERNMENT OF NEPAL AND THE GOVERNMENT OF THE REPUBLIC OF INDIA ON ELECTRIC POWER TRADE, CROSS-BORDER TRANSMISSION INTERCONNECTION AND GRID CONNECTIVITY

Nepal, India ink PTA

KATHMANDU, Sept 4:Nepal and India on Thursday signed a 25-year agreement on power trading, cross-border transmission line and grid connectivity. 

Army to invest in hydro if legal hurdles removed

The Nepal Army (NA) said that it would be willing to invest money from its welfare fund in the hydropower sector if legal barriers were removed.

Power tariff likely to go up before Dashain

KATHMANDU, AUG 30 - Power charges could go up before the Dashain festival in October as the Electricity Tariff Fixation Committee (ETFC) is likely to okay the Nepal Electricity Authority’s (NEA) proposal to hike the tariff.