Stories By 'BIBEK SUBEDI'
Nepal Electricity Authority (NEA), the state-owned power utility, is likely to scrap agreements signed with nine companies that have been roped in to install 22 grid-connected solar projects with a total installed capacity of 61 MW, as the power purchase rate has been revised downwards since the deals were sealed.
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The upgradation of the Syabrubesi-Rasuwagadhi road is slated to begin in October. The road is part of the Galchhi-Trishuli-Rasuwagadhi highway, a major north-south trade route linking China.
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There is good news for homeowners who have installed solar panels on their roofs and have surplus energy to sell. The Energy Ministry has issued guidelines on the development of alternative sources of electricity which can be connected to the national grid.
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When Min Bahadur Gurung, chairman and managing director of Bhat-Bhateni Group, started a small grocery shop in 1984 with an investment of Rs 35000, he never thought it would one day become the biggest retail brand in the country.
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Nepalis had lost hope that their country, often and loudly flaunted as having one of the world’s richest hydro resources, would one day be able to liberate itself from the shackles of hours-long power outages.
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International Finance Corporation (IFC), the private sector lending arm of the World Bank Group, is in the final stages of floating bonds worth $500 million in local currency in Nepal.
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