360° Coverage : Nepal to allow private investment in power transmission

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Nepal to allow private investment in power transmission

Dec 15 2013, 1:18pm CST | by

Kathmandu, Dec 16 (IANS) The government of Nepal is ready to invite private sector investment in power transmission line projects, an official said here Sunday.

Kathmandu, Dec 16 — The government of Nepal is ready to invite private sector investment in power transmission line projects, an official said here Sunday. The Nepal Electricity Authority (NEA),...

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45 weeks ago

Nepal to allow private investment in power transmission

Dec 15 2013, 1:18pm CST | by

Kathmandu, Dec 16 (IANS) The government of Nepal is ready to invite private sector investment in power transmission line projects, an official said here Sunday.

Kathmandu, Dec 16 — The government of Nepal is ready to invite private sector investment in power transmission line projects, an official said here Sunday.

The Nepal Electricity Authority (NEA), Nepal's government owned power monopoly, has been working to prepare an action plan to pave the way for attracting independent power producers to construct transmission lines, a major component in energy production, Xinhua quoted NEA managing director Arjun Bahadur Karki as saying.

"We have begun to prepare an action plan which will define on what basis, under which model and to what extent the role and capital of the private sector can be entertained on the development of transmission lines in the country," Karki said.

The Nepal government has so far allowed the private sector to develop hydropower projects only.

According to the official, a team has been formed for studying various international models to prepare the most suitable and investor-friendly system to make private investors feel comfortable.

The NEA board last week decided to allow private sector players to invest in transmission line projects under the build-own-operate-transfer (BOOT) model.

"NEA has not been able to develop required length of transmission lines as it has been focused largely on power generation," NEA board member Manoj Mishra said.

In January this year, the energy ministry had decided in principle to allow the private sector to build power lines and ordered NEA to prepare an investment modality and draft a transmission service agreement (TSA).

The ministry made the decision after finding NEA was unable to expedite construction of transmission lines.

The government has planned to construct 408 km of transmission lines in its Interim Plan (2010-11 to 2012-13) but NEA has failed to add a single kilometre of the power lines in its network.

Moreover, due to a lack of transmission lines, the financially-shaky NEA wasted 50 units of energy worth as much as $4.35 million in the 2012-13 fiscal year.

The data is much frustrating given the fact that a large number of Nepalis are forced to spend around 12 hours a day in load shedding while industrial units have curtailed a huge volume of production.

Nepali independent power developers hailed NEA's preparation to involve the private sector in transmission line projects, anticipating that the decision would make the country's energy sector more dynamic.

"The private sector's involvement in transmission line projects will not only break the state monopoly, but will also address the need for transmission line expansion in full speed," said Subarna Das Shrestha, president of the Independent Power Producers' Association of Nepal.

The Himalayan country, with more than 45,000 MW commercially feasible energy, has been able to tap around 700 MW only at present.

IANS

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11

1 day ago

Modi may travel to Nepal via land route

Oct 30 2014 1:45am CDT | Source: HeadlinesToday.in

During his Nepal visit, the second in less than three months, Prime Minister Modi will attend the 18th SAARC Summit and is likely to visit Ram-Janaki Temple at Janakpurdham, Lumbini, the birth place of Lord Buddha, and Muktinath, a holy shrine situated in the ...
Source: HeadlinesToday.in   Full article at: HeadlinesToday.in
 

 
Update
10

1 day ago

India slips two notches in 'ease of doing business' ranking

Oct 29 2014 9:04am CDT | Source: Business Standard

India's ranking is lower than smaller countries in South Asia like Pakistan, Nepal, Mal ...
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9

1 week ago

Nepal bus accident kills 9, injures dozens

Oct 24 2014 5:38am CDT | Source: The Standard: China's Business Newspaper

Police in Nepal say a bus crowded with people heading home for a Hindu festival has veered off a mountain highway, killing ...
Source: The Standard: China's Business Newspaper   Full article at: The Standard: China's Business Newspaper
 

 
Update
8

1 week ago

PM Nawaz wants better ties with Nepal

Oct 23 2014 4:13am CDT | Source: The Nation - Pakistan

Islamabad- Prime Minister Nawaz Sharif has said that Pakistan wishes to nurture closer economic and cultural relations with Nepal. He was talking to Foreign Minister of Nepal Mahendra Bahadur Panday today. The Prime Minister said bilateral trade between Pakistan and Nepal is not reflective of their political ties and the potential that exists in both the countr ...
Source: The Nation - Pakistan   Full article at: The Nation - Pakistan
 

 
Update
7

1 week ago

Sherpas died trying to save poorly equipped westerners — some of whom wore flip flops for Himalayan trek

Oct 21 2014 12:21pm CDT | Source: National Post

Tour guides caught in the fierce snow storm that struck a Himalayan trekking route in Nepal last week died because they were so poorly equipped, rescue leaders and government officials said Monday. Capt Adhikari, who led Nepalese army rescue efforts, helping more than 70 hikers to safety and recovering the bodies of 25, said local victims had been wearing casual clothes, including flip flops or sneakers. Half of the dead were Nepali porters, guides ...
Source: National Post   Full article at: National Post
 

 
Update
5

1 week ago

India and Nepal sign electricity trading pact

Oct 21 2014 8:52am CDT | Source: Reuters India

KATHMANDU (Reuters) - India and Nepal signed an agreement on Tuesday to start selling electricity to each other, deepening energy ties between the two nations and boosting New Delhi's efforts to grow its influence among its smal ...
Source: Reuters India   Full article at: Reuters India
 

 
Update
4

1 week ago

Foreign Minister of Nepal calls on PM

Oct 20 2014 9:50am CDT | Source: Business Standard

The Foreign Minister of Nepal Mr. Mahendra Bahadur Pandey called on Prime Minister Narendra Modi today. Foreign Minister Pandey handed over the letter of invitation from Shri Sushil Koirala, Prime Minister of Nepal, for the 18th SAARC Summit, bei ...
Source: Business Standard   Full article at: Business Standard
 

 
Update
3

1 week ago

Nepal to end rescue operation on trekking route

Oct 20 2014 6:09am CDT | Source: Elyria Chronicle-Telegram

KATMANDU, Nepal (AP) — Nepal was wrapping up rescue operations in its northern mountains Monday, saying all the hikers believed to have been stranded on a trekking route by a series of deadly blizzards are now safe. At least 38 people, including trekkers from Canada, India, Israel, Slovakia, Poland and Japan, died in the blizzards and avalanches that swept Read More...The post Nepal to end rescue operation on trekking route appeared first on Chronicl ...
Source: Elyria Chronicle-Telegram   Full article at: Elyria Chronicle-Telegram
 

 
Update
2

1 week ago

Searches in Nepal called off as British trekkers urged to contact their families

Oct 20 2014 3:20am CDT | Source: Daily Express

SEARCHES for trekkers in Nepal are due to be called off as officials urge Britons in the area to get in touch with their loved one ...
Source: Daily Express   Full article at: Daily Express
 

 
Update
1

1 week ago

“I hope they’re blissfully unaware”

Oct 20 2014 1:27am CDT | Source: The Daily Telegraph

A SYDNEY father whose son and grandaughter are missing after last week’s blizzard in Nepal is hopeful they are fine and unawar ...
Source: The Daily Telegraph   Full article at: The Daily Telegraph
 

 

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