Company Act

The Company Act 2006 was amended and enacted in August 2007. The act aims to foster dynamic economic development by promoting investment in industry, trade and business. Download the pdf version.
Company Act 

Electricity Act

In order to develop electricity power by its generation, distribution as well as to standardize and safeguard the electricity services, the Electricity Act 1992 has come into force since then.

Electricity Act Download the pdf version.

Foreign Investment and One-window Policy

The Foreign Investment and One-Window Policy, was formulated in 1992 in order to increase private sector participation and generate additional opportunities for income and employment, particularly in the area of industrial production. The policy aims to increase productivity by importing foreign capital and modern technology management and skills to increase the competitiveness of Nepalese industries in international markets.

Foreign Investment and One-window Policy Download the pdf version

The darker side behind the IPOs and a neglected rule.

Hydropower IPOs is generally well received and always oversubscribed by many times in Nepal. The phenomenon can be analyzed from two straight dimensions. 

Problem in investment on promoter shares by commoners in lack of law

KATHMANDU, April 5: Commoners seem to be interested to invest in promoter shares of hydropower projects but their hands have been tied in lack of legal provisions. A few hydropower developers have been indirectly collecting promoters’ investment from commoners on the basis of their background but there are no legal provisions to give continuity to that.

It is big and it is coming: HIDCL’s IPO

It may come as a surprise to some that HIDCL is going to do the largest IPO in the history of Nepal since many of us do not clearly know what HIDCL is all about. Here is my review of HIDCL and its upcoming IPO.

IPO Agreement between NIBL Capital Markets Ltd. and Garjang Valley Hydropower Ltd.

NIBL Capital Markets Limited, a subsidiary of Nepal Investment Bank Limited, has signed an agreement with Garjang Valley Hydropower Ltd. for its IPO. NIBL Capital Markets Ltd. will be the issue manager.

Staff of Employee provident fund will be the next overnight millionaire

Employee’s Provident Fund (EPF), Karmachari Sanchaya Kosh (KSK) in Nepali, manages provident Fund in Nepal on behalf of the Government of Nepal (GoN) for government, public and private sector employees and come under Ministry of Finance. 

PTC India offers Nepal help to set up power trading firm.

New Delhi: Power trader PTC India Ltd has offered to set up a state-owned power trading organization to maximize the benefits of electricity commerce in Nepal—part of a region where energy security has become increasingly important to development efforts.

Unethical business practice.

My attention was drawn by an unethical business practice done by Sahas Urja. It has published a notice on ww.sharesansar.com

Target 7-nation power grid

A Bimstec meeting yesterday finalised a draft deal to set up power grid connections for electricity trade among its seven member countries -- Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka and Thailand.

Upper Tamakoshi Hydropower Project and Its IPO; Fully Explained

Here is my speculation and the review of Upper Tamakoshi Hydro Electricity Project.

Unbundling of NEA starts

KATHMANDU, Feb 23: The government has started unbundling of the Nepal Electricity Authority (NEA) deeming that development of energy sector suffered while generation, transmission and distribution/sale of electricity were handled through a single body.

IndusLaw, Shearmans, Clifford Chance, Nepal firm on $140m hydropower financing

IndusLaw, Shearman & Sterling and Neupane Law Associates advised the Dutch development financing institution, FMO and a consortium of lenders on the $142.5m financing of the proposed 82 MW Nepalese Lower Solu hydropower project.

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.