Stories By 'BIBEK SUBEDI'
Nepal Rastra Bank (NRB), the central monetary authority of the country has initiated an exercise to establish a ‘hedging’ fund in order to address the foreign exchange risk that comes along with foreign direct investment (FDI) in public infrastructure project.
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The long-standing dispute between the Energy Ministry and the Investment Board Nepal (IBN) has resurfaced, as Energy Minister Barsha Man Pun remained conspicuously absent from an event organised by the board on Friday to mark the laying of a foundation stone of Arun III Hydropower Project.
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The Nepal Electricity Authority (NEA) has been pressurising Indian company Texmaco, the contractor for the hydro-mechanical works of the Upper Tamakoshi Hydropower Project, to subcontract the task to Austrian company Andritz Hydro as its sluggishness threatens to make the national pride project miss its completion deadline.
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The Nepal Electricity Authority (NEA) is mulling to install a battery storage system to store electricity during off-peak hours and supply it during peak hours.The technology uses high capacity lithium batteries to store electricity generated by different types of power plants when demand is low, and feeds it back to the grid when production falls below demand. The batter storage system is installed in the substation.
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The Nepal Electricity Authority (NEA) has set out to conquer new horizons after eliminating load-shedding for residential customers that ended decades of suffering for the Nepali people.
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Indian firm Infrastructure Leasing and Financial Services (IL&FS) has presented a bill totalling Rs3.17 billion for preparing a detailed project report (DPR) for the Kathmandu-Tarai Expressway in 2015.
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