A Correspondent
JAJARKOT EARTHQUAKE: Wakeup Call
The Jajakot earthquake has served as a stark reminder of the potential for a major seismic event in Nepal and India. With a death toll surpassing 157 and over 197 injured, it is evident that the he seismologists' prediction of a large quake in the western Himalayan region is becoming more urgent. This earthquake measuring 6/4 Richter scale severely shook the Jajarkot and West Rukum districts of Nepal and also impacted large portions of northern India, including New Delhi. Indian Prime Minister Narendra Modi, being on the same continent and affected by the earthquake, was the first leader to express solidarity and offer support to Nepal.
By A Correspondent Nov 09, 2023
FOREIGN MINISTER SAUD : Concludes Landmark Visit
Foreign Minister Narendra Prasad Saud has concluded his highly significant visit to the United States, during which he engaged in discussions with US Secretary of State Blinken and other senior American officials to exchange views.
By A Correspondent Nov 09, 2023
UT-1 Hydropower Project: Foundation Laid
The foundation laying of the 216 MW Upper Trishuli-1 (UT-1) Hydropower Project signals an acceleration in construction pace. Korean and Nepali investors have significantly invested in the project, which is set to generate power by December 2026. UT-1 is a distinct undertaking, receiving considerable contributions from multilateral agencies like IFC, ADB, AAIB, and Exim Bank of Korea, the IFC being a shareholder. Near the main power distribution hub of the Kathmandu Valley, UT-1 is positioned to fortify the electricity supply in Kathmandu. This project marks the biggest hydropower investment made by Korean companies, succeeding two prosperous hydropower endeavors of 30 MW and 12 MW in Gandaki province by the Korean government.
By A Correspondent Oct 01, 2023
Nepal Needs A Project Financing Law To Attract More FDI: Senior Advocate, Professor Dr. Gandhi Pandit
Renowned for his expertise in representing corporate cases in both domestic and international courts, Senior Advocate Professor Dr. GANDHI PANDIT has firmly established himself as an esteemed legal practitioner in the country. After completing his legal education at Columbia University in the City of New York Professor Dr. Pandit presently serves as the head of Gandhi & Associates, a prestigious corporate law firm located in Nepal. He works closely with a proficient team of corporate and litigation lawyers, including his two accomplished sons Shikhar and Avash who are also law graduate from Cardiff University, UK. Pandit has notably achieved success in litigating on behalf of Nepalese parties in various countries, including Italy, China, and the United Kingdom. Furthermore, Senior Advocate Professor Dr. Gandhi actively engages himself in public interest debates beyond his courtroom advocacy. He played a pivotal role in a discussion that elucidated the essence and significance of the Millennium Challenge Corporation (MCC), contributing significantly to create the conducive environment that ultimately led to its ratification by the House of Representatives in 2021. As Nepal approaches its anticipated graduation from the Least Developed Country (LDC) status by 2026, Professor Dr. Gandhi spoke with NEW SPOTLIGHT about the crucial steps required to attract Foreign Direct Investment (FDI) to Nepal.
By A Correspondent Sep 30, 2023
PM'S UN AND CHINA VISITS: A Diplomatic Crucible
The forthcoming attendance of Prime Minister Pushpa Kamal Dahal Prachanda at the United Nations General Assembly and the Sustainable Development Goals Summit, followed by his visit to China, carries immense diplomatic significance for Nepal
By A Correspondent Sep 07, 2023
BHARATPUR-BARDAGHAT TRANSMISSION : After 13 Years
A 74-kilometer 220-kV transmission line takes nearly 13 years to build because to legal disputes, NGO obstruction, World Bank social protection regulations, the Ministry of Forestry, and an inexperienced contractor. However, the project will change the game.
By A Correspondent Aug 16, 2023
Upper Tamakoshi Faced A Significant Setback This Year Due To Low Water Flow: CEO Mohan Prasad Gautam
With the low snow melting, Nepal’s largest 456 MW Upper Tamakoshi Hydropower’s generation has been severely affected this year. MOHAN PRASAD GAUTAM, Chief Executive Officer of Upper Tamakoshi Hydropower Ltd, with extensive experience in working on hydropower projects, shared his insights on the challenges they are facing in an interview with NEW SPOTLIGHT at his office. Excerpts:
By A Correspondent Aug 04, 2023
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