Published on: Sep 29, 2023
The agreements have ushered in a new era of normalization and peace that not only connects governments but also brings people together, despite differences in language, religious beliefs, cultures and more
By Hanan Goder-Goldberger | Sep 15, 2023
Currently Nepal’s fossil fuel addiction is severe: scholars at the Center for Renewable Energy at Pulchowk Institute of Engineering calculate that the country spends over 170% of its total goods export earnings to import petroleum products.
By Dipak Gyawali | Sep 20, 2023
Nepal and China have shared a close neighbors for centuries, and in recent years, our economic ties have grown significantly. China has become one of Nepal's largest sources of foreign direct investment (FDI).
By CHANDRA PRASAD DHAKAL | Sep 25, 2023
Given the increasing demand for energy for heating and cooling, and the fact that local governments in Nepal are issuing hundreds of permits for the construction of new public and private buildings without considering the energy efficiency matrix, Nepal's goal of achieving net-zero emissions by 2045 is in jeopardy. Funded by the European Union, the Building Energy Efficiency in Nepal (BEEN) Project has commenced altering the mindset of policymakers in federal ministries, local government officials, and other stakeholders regarding the importance of incorporating energy efficiency as a new standard for building design and development
By Keshab Poudel | Sep 25, 2023
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
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