The Udaya Group Newsletter

 Providing you with synopsis of news and reviews of investing in Nepal. 

Foreign Investment in the energy sector in Nepal this year sees significant growth

There has been a growing interest from foreign investors in Nepal's hydro. The proposed foreign investment in energy sector in the current financial year (in 11 months) is NRs 11,18,66,00,000 (approx US$ 118 Million)/- The major investors are as follows:- India : NRs 5,94,45,00,000 /- China : NRs 4,23,60,00,000/- Cook Island : NRs 66,66,00,000/- USA : NRs 21,69,00,000 /- Japan …

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Issuance of bonds for private hydropower companies

The ongoing general convention of CPN-UML has delayed budget speech for the new fiscal year. The government was preparing to table budget in the parliament on Friday. But Chandra Mani Adhikari, member of National Planning Commission (NPC), said it won´t be possible to table budget on Friday. Sources at the Ministry of Finance also said it won´t be possible to table budget …

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Dhalkebar-Muzaffarpur "cross border" transmission line between Nepal and India

The construction of Nepali portion of much-touted Dhalkebar-Muzaffarpur cross-border transmission line began on Tuesday, with the Power Transmission Company Nepal Limited (PTCNL) laying foundation of the transmission towers at Manohar VDC of Mahottari district. The 140 km transmission line is being constructed to facilitate power trade between Nepal and India. The 40-km portion of the transmission line on the Nepali …

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ADB okays $180m loan to ease power shortages

The Asian Development Bank (ADB) has approved a $ 180 million loan to help Nepal overcome cripplingpower shortages and export surplus power to neighbouring India. The loan, from the ADB’s concessional resources, will be complemented by a co-financing loan of $ 120 million from the European Investment Bank, a $ 60 million grant from the government of Norway, and a $ 11.2 …

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Getting Into Nepalese Hydro

The fresh election held five months back has given a hope to all Nepalese people. It looks like the newly formed government is going to give us a new constitution within a year which was their promise. The country has suffered already. So it is the time for new leadership to prove that they can bring “Change”. It’s like “Now …

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What does Nepal Stock Exchange (NEPSE) and Bloomberg’s agreement mean for Nepali businesses?

The recent news of Bloomberg signing a deal with NEPSE (Nepal Stock Exchange) to “examine and disseminate information” is an incredible sign for Nepali enterprises in particular and Nepal in general. Nepali government has also been open and welcoming to attract foreign investmentment in Nepalese capital market. Below are major analyses as to why this news is very positive: World’s …

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If you would like to further understand the prospects, risks and how-to of investing in Nepal, contact us at info@theudayagroup.com .