IFC to hold energy event on March 5

KATHMANDU, FEB 22 - The International Finance Corporation (IFC) will host a one-day event on Nepal’s energy sector on March 5 in the Capital.

Nepal IPB approves development of hydropower projects

The Nepal Industrial Promotion Board (IPB) has approved the development of hydropower projects in the county.

Overwhelming response by the residents of Darchula and Baitadi districts.

Api Power Company Limited floated 10 percent of its issued capital to the local residents of Darchula and Baitadi districts, a mandatory requirement by Government of Nepal. These two districts are located in far western region of Nepal. Api Power Company Limited offered one million shares at Rs 100 each.

Upper Khimti hydropower project completes financial closure

Himalaya Urja Bikash Company, developer of 12MW Upallo Khimti Hydropower Project, has completed financial closure of the project.

Financial closure of Iwa Khola hydropower project 9.9 MW on the way

A consortium of banks led by Bank of Kathmandu (BoK) is going to do the financial closure of 9.9 MW Iwakhola developed by Rairang Hydropower Development Company Limited very soon. Rairang Hydropower Development Company Limited is a subsidiary company of Ridi hydropower development company limited promoted by Mr. Guru Prasad Neupane, a renowned person in the field of Nepalese hydropower.

Sebon to allow infra cos to raise fund before IPO

KATHMANDU, FEB 04 - The Securities Board of Nepal (Sebon) has planned to allow infrastructure companies to conduct a pre-initial public offering so that they can raise funds for their projects before construction starts.

Rs. 2.8 billion approved for Arun Kabeli Power Ltd.

The consortium of seven financial institutions has approved loan of Rs. 2.8 billion for the construction of Kabeli B-1 Hydropwer project on Wednesday 28th Jan. 2015. For further information about the developing company and the project please visit FINANCIAL CLOSURE OF KABELI B-1 HYDROELECTRIC PROJECT (25 MW).

Nepal Electricity Authority fixes power purchase tariff for up to 100 MW hydels

KATHMANDU: Nepal Electricity Authority, the sole buyer of power here, will soon start buying energy generated by hydel projects with installed capacity of up to 100 megawatts at flat rates of Rs 8.40 per unit during dry season and Rs 4.80 per unit during wet season.

NPC to ask for Nepal Army involvement in hydro dev

National Planning Commission (NPC) has decided to ask the government to involve Nepal Army (NA) personnel in the development of hydropower projects of 10-20MW capacities so that the army builds the capacity to rescue hydel plants during natural disasters.

MoI plans to declare FY 2015-16 ‘FDI Year’

KATHMANDU, JAN 01 - The Ministry of Industry (MoI) said on Wednesday it plans to declare fiscal year 2015-16 as the “Foreign Direct Investment (FDI) Year” to attract more FDI into the country.

NEA's new grid connection agreement clause.

I just came across with a new grid connection agreement clause. This clause is effective from 22^nd June, 2014. I was not aware of this clause until yesterday. I will read out the exact lines.

Chinese presence in Nepal

Chinese Foreign Minister Wang Yi’s recent Nepal visit has sent alarm bells ringing in the corridors of power in New Delhi. While in Kathmandu, Yi announced a five-fold increase in official Chinese aid to Nepal, from US $24 million today to US $128 million by 2015-16.

New Foreign Investment Policy.

The Government of Nepal (GoN) is preparing to provide housing facility for investors investing more than US 1 million for the tenor of project operation. Such facility will be borne by Government of Nepal. To encourage foreign investment in the country, Department of Industry (DOI) has decided to add such provision in the foreign investment policy.

Energy pact ushers in a ‘new era’

KATHMANDU, NOV 29 - The Saarc Chamber of Commerce and Industry (Saarc CCI) on Friday described the signing of the Saarc energy pact as the commencement of a new era which would not only light up South Asia but also energize the whole region if it was implemented in both letter and spirit.

Statement by the United States of America at the 18th SAARC Summit

Honorable Prime Minister Koirala, Excellencies, Distinguished Colleagues, it is a pleasure to be here today representing the United States of America at the 18th Summit of the South Asian Association for Regional Cooperation (SAARC) summit. Let me begin by congratulating the Government of Nepal and Secretary General Thapa for a tremendous job organizing this Summit and for extending such wonderful hospitality to us all.

CG invests in Mid-Modi hydropower project

One of the largest industrial houses of Nepal, Chaudhary Group, is all set to invest in hydropower development as well. 

Infrastructure Summit 2014: synopsis

KATHMANDU, NOV 13 - Nepal Rastra Bank Governor Yuba Raj Khatiwada said on Wednesday that the country’s private sector could generate resources through public limited companies to invest in the infrastructure sector.

PDA talks for Arun III hydel project begin

KATHMANDU, NOV 05 - Project Development Agreement (PDA) negotiation for Arun III hydropower project started in Kathmandu on Tuesday. The talks between Investment Board Nepal (IBN) and India’s Satluj Jal Vidyut Nigam Limited will continue on Wednesday.

Chaudhary urges foreigners to invest in Nepal

President of Chaudhary Group Binod Chaudhary has urged international business leaders to invest in Nepal saying there is a high return in Nepal with minor risks. 

Italy keen to invest in Nepal: Minister Vendova

KATHMANDU, Oct 27: Visiting Italian Minister of State for Foreign Affairs Benedetto Della Vedova has said Italian investors are keen to invest in various sectors, including hydropower, in Nepal.