Economy
Nepal Can Now Trade Electricity In India's Real Time Market
Nepal and Bhutan have traded 4.41 billion units of electricity in the Indian Energy Exchange (IEX) ever since India's Cross Border Electricity Trade (CBET) rules were notified in 2021. India is also looking beyond the countries it shares its border with for electricity trade.
By NEW SPOTLIGHT ONLINE Aug 07, 2023
MONETARY POLICY 2023/024: Relief To Share Market
Avoiding unnecessary pressure from business group, Nepal Rastra Bank governor Maha Prasad Adhikari finally has unveiled a New Monetary Policy. Although it provides certain relief to share market and real states, the policy has not compromised on financial stability and disciplne
By Keshab Poudel Aug 06, 2023
KUL MAN GHISNG’s MISSION: Transmission Line Completion
Amidst numerous ongoing construction projects across different regions in the country, such as the Kali Gandaki basin and Sunkoshi and Bhote Koshi basins, the Managing Director of Nepal Electricity Authority (NEA), Kul Man Ghising, faces mounting pressure to ensure the timely completion of substations and transmission lines. These projects play a crucial role in strengthening the nation's power infrastructure and meeting the increasing demand for electricity.
By Keshab Poudel Aug 05, 2023
Embracing Nepal's Electricity Revolution: A Decline in Fossil Fuel Imports
Nepal Electricity Authority (NEA) has become the driving force behind a remarkable shift in the country's energy landscape. With a steady and reliable supply of quality electricity, industries, automobiles, and individual households have experienced a surge in electricity usage, leading to a significant reduction in the import of diesel, gasoline, and Liquefied Petroleum Products (LPG). The appeal of electricity over expensive fossil fuels has made it the preferred choice for businesses, households, and vehicle users alike. While specific data on the micro-level impact is yet to be fully explored, the increased consumption of electricity has undeniably contributed to a noteworthy decline in petroleum product imports this year, translating into substantial savings in foreign cash for the nation.
By Keshab Poudel Jul 28, 2023
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