Locally constructed projects vs. foreign/multilateral funded projects

In a quest to find out how foreign investors work, I managed to find out some striking statistics that completely blew me away. Here is a comparison of “Locally constructed projects vs. foreign/multilateral funded projects.”

Earthquake damages over dozen hydropower projects

Generation of 150 MW affected

Earthquake aftermath and ways to move forward.

Mother Nature can be destructive.

Nepal is dealing with a catastrophic damage after the massive 7.8 magnitude earthquake. Thousands of people died and millions are now homeless. Nepali officials fear the death toll may rise above 10,000. Thousands of homes and buildings, including historical landmarks, in Kathmandu have been leveled up. 

Income Tax Act

The Financial Act, 2011 (formerly the Income Tax Act 2002) addresses the charges, taxes, duties, and fees relating to revenue administration of the GON.

Income Tax Act  Download the pdf version

Water Resources Act

The Water Resources Act, 1992 was established to promote the optimum utilization, conservation and development of Nepal's water resources, including surface water or underground water, and to make timely legal arrangements for determining beneficial uses of water resources, preventing environmental and other hazardous effects, and keeping water resources free from pollution.

Water Resources Act Download the pdf version

Foreign Investment and Technology Transfer Act

The Foreign Investment and Technology Transfer Act, 1992 was formulated to promote the maximum mobilization of limited capital to increase the competitiveness of Nepal's human capital and natural resources. The act was amended and enacted in August 2000.

Foreign Investment and Technology Transfer Act  Download the pdf version.

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.