Stories By 'BIBEK SUBEDI'
Investment Board Nepal (IBN) has prepared a modality for the construction of the stalled Tamakoshi 3 Hydropower Project which has been in limbo since potential developer Statkraft of Norway pulled out in January 2016.
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The government has decided to award the contract to construct the Budhi Gandaki Hydroelectric Project to China Gezhouba Group Corporation (CGGC).
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Nepal Rastra Bank (NRB) has said that providing exchange facility to Nepalis holding demonetised Indian 500 and 1000 rupee banknotes is beyond its capacity.
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The government has issued new guidelines on forest land clearance making it easier for developers of large infrastructure projects to acquire wooded areas at their proposed construction sites.
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The Nepal Electricity Authority (NEA) has readied to start negotiations with Nepal Water and Energy Development Company (NWEDC) to sign a power purchase agreement (PPA) for the Upper Trishuli-1 Hydroelectric Project.
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The Ministry of Industry has removed a provision from the draft of the Foreign Investment and Technology Transfer Bill (FITTB) that would have allowed foreign investors to bring in investment without seeking government approval.
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