India’s interest in Nepal’s energy sector increasing but it’s wary of Chinese element
The southern neighbour has been holding back from agreeing to buy electricity generated by the Upper Tamakoshi plant, contracted to China.
The southern neighbour has been holding back from agreeing to buy electricity generated by the Upper Tamakoshi plant, contracted to China.
Officials say they would make administrative moves if residents reject offered compensation.
The state-owned power utility recently wrote to the Millennium Challenge Account Nepal seeking permission to build an 18-km section of the power line.
The $2.4 billion projects include 750MW West Seti and 450MW Seti River, a joint storage project, in western Nepal.
First envisioned six decades ago, the hydroelectricity project’s revised capacity stands at 1,200MW.
An amendment that aims to allow the private sector to engage in power trade inside and outside the country has become uncertain with the country entering election mode.
Officials and experts call for patience in introducing such a currency to avoid risks, as they suggest observing the practice in neighbouring countries.
The state-owned oil monopoly says it cannot afford to slash prices given the losses it continues to incur owing to high taxes.
Amid signs of growing market access to India, the government plans to allow developers to optimise their installed capacity enabling them to produce more in the wet season.
Energy Minister Bhusal says projects with combined capacity of 1600MW have not started construction despite signing power purchase agreements.
After the meeting between Nepal and Bangladesh on Thursday, a bilateral meeting between Nepal and India is expected in early September.
Officials say they are working on a concept paper on how to make the scheme proposed in the budget for this fiscal year work for farmers.
Forty-five percent civil service seats are reserved for women, indigenous groups, Madhesis, Dalits, people with disabilities and those from backward regions.
Two sides to discuss power trade and attracting Bangladeshi investment in energy sector.
Experts point at factors like frequent transfers of secretaries and lethargy of oversight bodies, because of which despite irregularities, hardly anyone is held to account.