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Existing Law Allows Private Sector to Enter Power Trading

Kathmandu: Stakeholders in the energy sector have said that expanding electricity trading is essential to market domestically and internationally the electricity produced in Nepal. Speaking at the Friday Forum organized by the Independent Power Producers’ Association, Nepal (IPPAN), they said private-sector participation in electricity trading is essential both to end the current situation of…

ERC Moves to Open Nepal’s Electricity Market Through Open Access

Kathmandu: The Electricity Regulatory Commission (ERC) has moved forward with the process of gradually transforming Nepal’s electricity market from a Nepal Electricity Authority (NEA)-centered structure into an open and competitive market. To implement open access, the commission has begun laying the groundwork to provide individuals and institutions involved in electricity generation and…

Tumlingtar–Sitalpati Transmission Project Hands Over 28.48 Hectares of Replacement Land

Sankhuwasabha: The Tumlingtar–Sitalpati 220 kV Transmission Line Project of the Nepal Electricity Authority has provided 28.48 hectares of replacement land as compensation for the use of forest land. The project purchased the land and transferred it in the name of the government as compensation for the use of national forest land during the construction of the transmission line and towers.…

Tanahun Hydropower Project Builds School Building Under CSR Programme

Tanahun: The construction of a well-equipped building for Deepak Secondary School, located in Rishingpatan of Bhimad Municipality–5, Tanahun, has been completed with support from the Tanahun Hydropower Project. The foundation stone for the school building, constructed under the project’s Corporate Social Responsibility (CSR) development programme, was laid on September 26, 2023. The project said…

NEA Employee Unions Demand Scrapping of Electricity Tax

Kathmandu: Four employee organizations of the Nepal Electricity Authority (NEA) have demanded the immediate abolition of the tax imposed on electricity consumers. On the eve of the Authority’s 41st anniversary, the employee organizations submitted a joint memorandum to the Executive Director, putting forward 11 demands concerning the electricity sector. The joint memorandum submitted by the…

Upper Tamakoshi Turns Profitable, Posts Rs 92.59 Million Net Profit

Kathmandu – Upper Tamakoshi Hydropower Limited has published its unaudited financial statements for the fourth quarter of the last fiscal year 2025/26. According to the published details, the company, which had posted a net loss of around Rs 3.68 billion in fiscal year 2081/82, earned a net profit of Rs 925.9 million by the end of Ashadh in the review year. During the review period, the company’s…

Nepal Targets Stronger Grid, Higher Power Use and Expanded Electricity Exports

KATHMANDU: Energy, Water Resources and Irrigation Minister Biraj Bhakta Shrestha has said that although electricity generation is expanding in Nepal, the country must expand the capacity of transmission and distribution infrastructure and increase electricity consumption in productive sectors to fully realize its economic benefits. Speaking at an event held yesterday evening to mark the 11th…

Madhesh Accelerates Strategic Power Projects to Meet Rising Industrial Demand

Kathmandu: The government has accelerated the construction of transmission lines and substations in Madhesh Province to address growing electricity demand, weak distribution infrastructure, and supply challenges in the industrial sector. The Ministry of Energy, Water Resources and Irrigation has moved ahead with the expansion of strategic transmission infrastructure in Madhesh to meet both…

828 MW Uttarganga Project Enters Construction Phase After Generation Licence

Kathmandu — The 828 MW Uttarganga Reservoir Hydropower Project, which has remained stalled for years amid studies, disputes and procedural complexities, is set to move forward with construction after receiving its generation licence. The Department of Electricity Development granted the generation licence for the project to Uttarganga Power Company Limited, a subsidiary of the Nepal Electricity…

Dandakhet–Rahughat 132 kV Transmission Line Nears Completion

The under-construction 132 kV Dandakhet–Rahughat transmission line project in Myagdi has achieved 89 percent physical progress as the deadline of its third extension is about to expire. A contract worth Rs. 3.57 billion was signed with Larsen & Toubro Limited on December 31, 2021, for the construction of the 25-kilometer transmission line connecting Dandakhet in Malika Rural Municipality–7 with…

IPPAN Urges Electricity Department to Halt License Cancellations Amid PPA Delays

Kathmandu — The Independent Power Producers’ Association, Nepal (IPPAN) has submitted 13 demands and suggestions to the Department of Electricity Development concerning power project construction, licensing, transmission and environmental approvals. An IPPAN delegation that visited the department to congratulate newly appointed Director General Sagar Raj Gautam and wish him a successful tenure…

Financial Closure Completed for 65 MW Dudh Khola Hydropower Project

Kathmandu: Mountain Energy Limited has completed the financial closure for the 65 MW Dudh Khola Hydropower Project, which it plans to construct through its subsidiary company. An agreement on the financial closure was signed between Dudh Khola Hydro Power Company Pvt. Ltd., the project’s developer, and the lending banks. Under the agreement, NMB Bank, the lead bank, will provide a loan of Rs 6.81…

NPTC Gets Nod to Trade 100 MW of Electricity

Kathmandu — Nepal Electricity Authority’s (NEA) subsidiary, Nepal Power Trading Company Limited (NPTC), has now been cleared to engage in electricity trading. A meeting of the NEA Board of Directors has granted NPTC permission to sell up to 100 MW of electricity. NPTC will export electricity generated by projects that have already signed Power Purchase Agreements (PPAs) with the NEA to India and…

Humla’s National Grid Connection Delayed to 2027

Humla, Aug. 10: Humla, a remote mountainous district, is set to be connected to the national electricity grid a year later than scheduled date due to slow progress in construction work. The district was originally scheduled to be connected to the national transmission grid by the end of the last fiscal year. However, the deadline has been pushed back by a year as the company responsible for the…

Happy Energy Moves Ahead With IPO Proposal for General Public

Kathmandu: Happy Energy Limited has moved forward with a proposal to issue an Initial Public Offering (IPO) of ordinary shares to the general public. The company will present a special proposal at its first Annual General Meeting (AGM) seeking approval to issue shares allocated to the general public through an IPO. According to a decision of the company’s Board of Directors, the first AGM will be…

Upper Solu Hydro Posts 84.41% Surge in Net Profit

Kathmandu: Upper Solu Hydroelectric Company Limited has reported a significant increase in net profit during the fourth quarter of the last fiscal year. According to the company’s unaudited financial statements, its net profit increased by 84.41 percent compared to the same period of the previous fiscal year. The company earned a net profit of Rs. 20.87 million by the end of Chaitra (mid-April)…

Trishuli Hydropower’s Future Hinges on Upper Trishuli-3B

Kathmandu: Trishuli Hydropower Company Limited is currently operating at a loss. However, evaluating its future solely on the basis of its current financial position would provide an incomplete picture. The company’s main asset is the 37 MW Upper Trishuli-3B Hydropower Project, which has the potential to transform its current loss-making position into a source of revenue and profit once…

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