Stories By 'BIBEK SUBEDI'
The government’s plan to have at least one bank branch in each local administrative unit looks unachievable unless basic infrastructure like motorable road, electricity, internet and security can be provided immediately in unbanked areas.
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GMR Upper Karnali, the developer of the Upper Karnali Hydropower Project, has asked for more time to conclude financial closure citing delays by the government to provide forest land which have put off potential investors.
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Nepal Electricity Authority (NEA), the state-owned power utility, has slashed industrial loadshedding by an hour with the rise in power generation in the country.
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Investment Board Nepal (IBN) and Hongshi Shivam Cement are preparing to sign a project investment agreement (PIA) following the approval of the Nepal-China joint venture company’s foreign direct investment (FDI) proposal.
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Massive flooding caused by heavy rain last week has severely hit electricity generation at state-owned and private hydropower projects.
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Investment Board Nepal (IBN) and the Foreign Ministry have planned to take up the issue of forest clearance with the Cabinet as delays have spread concern among the Indian developers of two key hydropower projects.
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