India secures 4,700MW in Nepal, but little progress on projects
Despite deals for seven major hydropower projects, only one is under construction, raising questions about Nepal’s export ambitions and the benefits of its power agreements with India.
Despite deals for seven major hydropower projects, only one is under construction, raising questions about Nepal’s export ambitions and the benefits of its power agreements with India.
Only 420 local units have classified land under the 2019 law, prompting a fourth amendment to the land-use rules.
Domestic growers are expected to meet nearly 89 percent of demand as the festival’s flower trade, including plants and potted chrysanthemums, approaches Rs645 million.
Successive governments have changed the project’s development models. Latest plan to set up an authority has raised new questions over implementation.
Nepal has restarted its 40MW electricity supply through India’s transmission network, using Solu Khola and Kabeli B1 to replace the flood-damaged Trishuli and Chilime hydropower plants.
The energy ministry has initiated the process of amending the Electricity Act, with a bill forwarded to the law ministry.
Investment Board Nepal decides to facilitate construction of the 900MW project after repeated deadline extensions, court challenges, and prolonged uncertainty over financial closure.
The country imported cards worth Rs51.8 million in the first two months of the current fiscal year, generating Rs31.1 million in customs revenue.
China supplies most of Nepal’s imported apples, leaving the market exposed to rising freight costs even as domestic production grows.
Flood damage to Rasuwagadhi and the high cost of Korala leave the Sindhupalchok crossing vital to Nepal’s trade with China, but Beijing remains reluctant to reopen it over concerns about Tibet.
The approvals had expired during the peak export season.
Damage to pylons along the Dana-Kushma section of the 220kV line has cut off 12 hydropower projects. Precautionary shutdown of projects has pushed the total generation loss to over 790MW.
Officials say there won’t be load-shedding this winter despite flood damage to hydropower infrastructure along Trishuli corridor.
Producers say the proposed eligibility framework does not reflect the financing needs and development cycle of hydropower projects.
The tax was introduced in the current budget, with a five percent rate for household users and 13 percent for others, but the government is now considering reversing the move.