Stories By 'BIBEK SUBEDI'
The Investment Board Nepal has deferred the process of signing a crucial agreement with a Chinese company, which is all set to invest Rs37 billion in a cement factory in the country, ahead of Prime Minister Sher Bahadur Deuba’s official visit to India.
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Nepal Electricity Authority (NEA), the state-owned power utility, has geared up to install underground power cables in the central part of the Kathmandu Valley.
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Prime Minister Sher Bahadur Deuba will request India to expedite construction of the 400 kV Butwal-Gorakhpur cross-border transmission line during his upcoming visit to New Delhi. The power line project has lain in limbo since the southern neighbour began having second thoughts about its commercial viability.
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The Energy Ministry has requested Prime Minister Sher Bahadur Deuba to urge India to remove discriminatory provisions in the Guidelines on Cross Border Trade of Electricity which prohibit private and third country hydropower developers in Nepal from exporting electricity to India with a one-time approval.
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India has agreed to reduce the price of electricity that is exported to Nepal.Electricity from India is imported from different Indian states via cross-border transmission lines.
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The Nepal Electricity Authority (NEA) has appealed to Energy Minister Mahendra Bahadur Shahi to talk to Chinese Ambassador Yu Hong about the Chinese contractor for the hydro and electro mechanical works of the Kulekhani 3 Hydropower Project who has repeatedly missed the construction deadline.
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