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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…

25 MW Underground Power Line Being Built Through Chitwan National Park to Supply Madi

Chitwan: Work has begun to construct an underground electricity transmission line across an approximately eight-kilometre stretch of Chitwan National Park. The underground electrification project was initiated after the Bagmati Province Division Office of the Nepal Electricity Authority (NEA) invited bids and signed a contract for the work. The underground line, which will have the capacity to…

Upper Tamakoshi Set to Return to Profit After Four Years of Losses

Kathmandu: Upper Tamakoshi Hydropower Limited, which remained in losses for four consecutive years after completing construction and beginning electricity generation, is now on track to return to profitability in the current fiscal year. Improvements in power plant operations, better water availability in the Tamakoshi River, a reduction in hydrology penalties, and the successful lowering of…

Tamakoshi-5 Hydropower Project speeds up tunnel construction from five working faces

Kathmandu: Construction of the 99.8 MW Tamakoshi-5 Hydropower Project in Dolakha has gathered pace, with tunnel excavation now being carried out simultaneously from five different locations to accelerate the development of its main underground structures. According to the project’s annual progress report for fiscal year 2025/26 (FY 2082/83), a total of 784 meters of the Headrace Tunnel (HRT) was…

ERC Study Warns of Wide Economic Impacts from Electricity VAT

KATHMANDU, Aug 7: The government is poised to collect only Rs 4.27 billion in revenue by imposing the controversial value added tax (VAT) on household electricity consumption, while adding a heavy cost burden to the general public. A preliminary study carried out by the Electricity Regulatory Commission (ERC) has reported that the government will collect around Rs 4 billion by slapping VAT on…

Tunnel Blasting Begins for 128 MW Tamor-Mewa Hydropower Project

Kathmandu — Spark Hydroelectric Company Limited has commenced tunnel excavation (tunnel blasting) works under the 128 MW Tamor–Mewa Hydroelectric Project. According to the company, the tunnel blasting ceremony, which marks a significant milestone in the project’s construction, was held on Wednesday in Phungling, Taplejung. With the start of tunnel blasting, underground excavation works have…

Bajhang-Banlek 400kV Transmission Line Construction Set to Advance

Kathmandu, Aug. 6: The National Transmission Grid Company Limited has initiated processes for the construction of the Bajhang-Banlek (West Seti) power transmission line for the supply of 2,500 megawatts of electricity. The 400kv transmission line will be 60 kilometres long from Chainpur Substation of Bajhang district to Banlek at Shikhar Municipality-10 in Doti district. The Grid Company has…

Nepal Set to Add 1,040 MW of Electricity to National Grid

KATHMANDU: Nepal is set to significantly expand its electricity generation capacity in the current fiscal year as private investment in the hydropower sector continues to grow. The government has targeted adding a total of 1,040 megawatts (MW) of electricity to the national transmission system during fiscal year 2026/27, through hydropower and solar energy projects. The country’s installed…

Upper Arun Hydropower Project Begins Tunnel Construction with First Successful Blast

Kathmandu: The 1,063.36 MW Upper Arun Hydroelectric Project, one of Nepal’s largest hydropower projects, has officially commenced tunnel construction. The first blast for a 2.03-kilometre tunnel in the Namse section of the powerhouse–dam access road has been successfully completed. According to Upper Arun Hydroelectric Limited, the inaugural blast was carried out following a traditional worship…

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