Stories By 'BIBEK SUBEDI'
Energy mix of Nepal, which till date is dominated by hydropower, is expected to be more diverse in coming years with more private developers showing interest in installing solar plants in different locations.
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Workers’ remittances in the first seven months of the fiscal year swelled 285 percent year-on-year, providing a much needed cushion to the country’s depleting foreign exchange reserves.
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Tags: remittance
Private developers of hydropower projects have asked the government to address obstacles hampering their operations like delays in getting forest clearance, difficulties in obtaining explosives required for blasting rocks, and delays in the construction of power lines to evacuate the electricity generated.
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The Kulekhani-3 Hydropower Project is finally nearing completion 11 years after construction started. Time overruns due to slowpoke contractors resulted in the 14 MW scheme missing half a dozen completion deadlines.
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The government has amended the Forest Act and included a new provision which will allow the developer of certain infrastructure projects to acquire forest lands required for the construction of the project by paying a fee.
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The construction of the Middle Bhotekoshi Hydroelectric Project, which had started to pick up speed after being stymied by a series of natural disasters like the 2015 earthquake, floods and soil erosion, has once again hit a setback with the contractor having money problems.
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