Challenging the belief in Nepal that India is not interested in buying Nepali electricity,the Nepal Electricity Authority (NEA) has demonstrated that India is a significant market for Nepal's hydropower by exporting electricity worth Rs. 13.04 billion to India in just five months.
By A Correspondent Dec 31, 2024
Nepal benefits from a significant amount of foreign currency sent by Nepalese workers abroad, bolstering the country's foreign currency reserves. However, there is a downside to this trend, as reports indicate a loss of young Nepali migrants working in foreign countries.
By A Correspondent Dec 31, 2024
Nepal is currently experiencing a significant shortage in electricity supply due to a decrease in domestic production, limited imports from India, and the ongoing challenges in the power sector. The 456 MW Upper Tamakoshi plant, which has been delayed due to a recent landslide, is expected to begin generating electricity soon. Despite efforts to remove Kul Man Ghising, the Managing Director of Nepal Electricity Authority (NEA), he continues to oversee the reconstruction work and preparations for the plant's operation. If all goes smoothly, the Upper Tamakoshi plant is projected to reach full capacity by the first week of January.
By A Correspondent Dec 29, 2024
Nepal BFSI Summit 2024 held in association with the Banking, Finance Insurance Institute of Nepal (BFIN), PHDCCI is A Strategic Leap toward Climate Mitigation and Sustainable Growth
By NEW SPOTLIGHT ONLINE Dec 20, 2024