KATHMANDU; Nepal Oil Corporation (NOC) has reduced the retail prices of petroleum products following mounting criticism over its reluctance to adjust domestic fuel prices despite a sharp decline in international crude oil prices.
The state-owned fuel supplier announced that the revised prices wil...}
KATHMANDU; Nepal's private sector has achieved a success on installation of 220 kV Markichok-Bharatpur transmission line under the Marsyangdi Corridor, marking construction of the electricity supply infrastructure for the first time in the country.
Nepali private sector has constr...}
KATHMANDU: The Securities Board of Nepal (SEBON) has finally appointed a new chairperson after the position remained vacant for more than two months, which led to an uncertainty among stock market investors.
During a ceremony held on Monday, Finance Minister Swarnim Wagle administered the oath of...}
Kathmandu: A two-day workshop on "Evolving Landscapes of Electricity Market and Regulation in Nepal" has concluded. The workshop was jointly organized by Mrigasheera Consulting and Training Services and the Rastriya Prasaran Grid Company Limited (RPGCL).
The workshop was held on Friday...}
KATHMANDU; Nepal Electricity Authority (NEA) has brought into operation the first unmanned Letang substation of 33/11 kV and 8 MVA capacity in Nepal.
According to the NEA, the unmanned substation, built with the aim of making the electricity distribution system more reliable and automated, was s...}
KATHMANDU: Nepal Rastra Bank (NRB) has amended rules governing the capitalization of interest on loans extended to long-term projects, including hydropower schemes, during their moratorium period.
Through an amendment to the Unified Directives issued on Wednesday, the central bank has allowed ban...}
KATHMANDU; Nepal imported petroleum products worth Rs 296.44 billion, which makes 15.65 percent of the total imported amount of Rs 1.894 trillion in 11 months of the current Fiscal Year (FY).
The records with the Department of Customs (DoC) show that the country spent over Rs 296 billion in...}
Kathmandu; The Asian Development Bank (ADB) has approved a $115 million concessional loan to improve resilient water supply and sanitation services and strengthen institutional capacities in rapidly growing municipalities across Nepal.
The Integrated Water Supply and Sewerage Management (Sector)...}
Kathmandu; In a historic milestone for Nepal's hydropower development, the 28.1 MW Upper Kabeli Hydropower Project—promoted by Non-Resident Nepalis (NRNs)—has achieved a major breakthrough developed by Peace Energy Company Limited. Under construction in the Taplejung district, t...}
Pyuthan; Marking a historic milestone in Nepal's clean energy transition, Butwal Power Company Limited (BPC) has officially inaugurated its 50 kW Green Hydrogen Pilot Project at Darimchaur, Pyuthan. The initiative represents the country's first practical step toward exploring green hydrogen...}