KATHMANDU, Oct 23 — Nepal is likely to witness significant German investment in its hydropower sector as the recently signed power trade agreement (PTA) between Nepal and India has guaranteed export of Nepal’s electricity to India without hassles and restriction. German Ambassador to Nepal Matthias Meyer, talking to a select group of media persons, on Wednesday said that there will …
Backed by new power trade opportunities in SAARC region, Himalayan country Nepal, with its sky high Hydropower potential, is taking ambitious power plans to have high augmentation in its generation capacity as well as cross border evacuation routes. According to Nepalese Energy Minister Radha Kumari Gyawali, despite 83,000-megawatt hydro-power potential, Nepal suffers from a severe power crisis as it is …
The involvement of Nepalese private sector in hydropower generation is not so long ago. They were mainly involved in constructing micro and small scale hydropower. The largest hydropower project constructed through Nepalese investment is Chilime hydropower. The installed capacity is 22.1 MW. In the recent times, Nepalese developers are moving towards 25 MW capacities. The shift in this trend is …
A Cabinet meeting on Thursday endorsed the power trade agreement (PTA) that Nepal and India recently initialed, and the amended project development agreement for the 900 megawatt Upper Karnali Hydropower Project. The Cabinet also directed the Investment Board Nepal to sign the PDA deal with India’s GMR-ITD Consortium. An IBN board meeting chaired by Prime Minister Sushil Koirala had endorsed …
The signing of Power Trade Agreement (PTA) between Indian and Nepal is considered to be a historic moment. Both countries have shown flexibility from each side to make this deal happen. To be more specific, the Modi government showed flexibility towards signing of PTA. The controversial demand of “generation” by Indians only was dropped by the Modi’s government which not …
KATHMANDU, SEP 29 - A consortium of eight commercial banks and Hydroelectric Investment and Development Company Ltd (HIDCL) has pledged loans amounting to Rs 3.07 billion to develop the 23.5 MW Solu Hydroelectric Project. The consortium led by Laxmi Bank and the project’s developer Upper Solu Hydroelectric Company (USHEC) signed a loan facility agreement on Sunday. USHEC is an undertaking …
There have been mixed reactions over the proposal put forwarded by Indian government. Some of the energy experts and politicians are blaming that it doesn’t protect the national interest of Nepal. The Indian proposal seems to have drawn flak for at least three reasons. First, the proposal was kept a secret, even from some cabinet ministers, who were now demanding …
The next big thing in Nepali capital market and overall economy is hydropower. The new entrants in Nepal Stock Exchange (NEPSE) are mostly hydropower companies. There will be at least 16 hydropower companies within two years. Currently, there are 6 listed hydropower companies in NEPSE. With plenty of hydropower companies in the IPO pipeline, general investors may have trouble choosing …
