Five-bank consortium pledges Rs 1.2 billion

KATHMANDU, OCT 29 - A consortium of five banks and financial institutions (BFIs) led by Nepal Bangladesh Bank (NB Bank) have pledged financing to the 10.6 MW Balefikhola Hydropower Project.

Nepalese developers are moving towards 25 MW.

The involvement of Nepalese private sector in hydropower generation is not so long ago. They were mainly involved in constructing micro and small scale hydropower. The largest hydropower project constructed through Nepalese investment is Chilime hydropower. The installed capacity is 22.1 MW.

PTA signed. What next?

The signing of Power Trade Agreement (PTA) between Indian and Nepal is considered to be a historic moment. Both countries have shown flexibility from each side to make this deal happen. To be more specific, the Modi government showed flexibility towards signing of PTA. The controversial demand of “generation” by Indians only was dropped by the Modi’s government which not only protects the sovereign right of Nepal but also shows that Indian’s willingness to do business with Nepal in a respectful manner.

More German Investment In Nepal’s Hydropower Likely

KATHMANDU, Oct 23 — Nepal is likely to witness significant German investment in its hydropower sector as the recently signed power trade agreement (PTA) between Nepal and India has guaranteed export of Nepal’s electricity to India without hassles and restriction.

Nepal, India sign PTA

KATHMANDU, OCT 21 - Nepal and India have finally signed on the Power Trade Agreement (PTA) that was reached between the two countries couple of months ago.

Khare Khola Hydropower Project signs loan deal.

KATHMANDU, Oct 22: A consortium of 10 commercial banks led by Machhapuchchhre Bank Ltd is financing Khare Khola Hydropower Project (KKHP).

Opportunity from India and Bangladesh prompting Nepal to enlarge its power picture.

Backed by new power trade opportunities in SAARC region, Himalayan country Nepal, with its sky high Hydropower potential, is taking ambitious power plans to have high augmentation in its generation capacity as well as cross border evacuation routes.

Proparco looking for investment prospects in Nepal

Kathmandu, Oct 11:- Encouraged by political stability in Nepal and the recent power trade agreement with India, Proparco, a subsidiary of the French Development Agency, has started consultations with Nepali private companies for debt and equity investment.

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.

A quick guide for hydropower investors in Nepal

The next big thing in Nepali capital market and overall economy is hydropower. The new entrants in Nepal Stock Exchange (NEPSE) are mostly hydropower companies. There will be at least 16 hydropower companies within two years. Currently, there are 6 listed hydropower companies in NEPSE.

Upper Tamakoshi IPO

Below is an interesting article published by ShareSansar regarding the prior allotment of the shares. I will write the details about Upper tamkoshi project, its financials & technical part, future plans and early verdict of share price in the days to come. But for now, go through the following article.

Panel for signing PDA with GMR

A technical committee formed to review the document of the Power Development Agreement (PDA) between the Investment Board of Nepal (IBN) and India’s GMR-ITD Consortium to develop the 900MW Upper Karnali Hydropower Project has recommended signing the agreement with a few revisions in the document.

US hopes Nepal-India PTA & PDA will be signed soon

The ambassador of the United States of America H.E. Peter Bodde called on Prime Minister Sushil Koirala at the latter's residence in Baluatar, Kathmandu, August 22, 2014.