6 Updates

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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32 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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23 hours ago

Sushma Swaraj meets Nepal's deputy PM Bamdev Gautam

Jul 27 2014 5:50am CDT | Source: Business Standard

External Affairs Minister Sushma Swaraj met Nepal's Deputy Prime Minister and Home Minister Bamdev ...
Source: Business Standard   Full article at: Business Standard
 

 
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3 days ago

Pakistan ranks 146 on UN Human Development Index

Jul 24 2014 2:00pm CDT | Source: The Nation - Pakistan

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UNITED NATIONS - Pakistan is ranked at 146, the same spot as last year, among the 187 countries in UN's 2013 Human Development Index (HDI)'s annual rankings, a position even below its former eastern wing - Bangladesh, which is placed at 142 and Nepal at 145. The HDI rankings is worked out by combining indicators of life expectancy, educati ...
Source: The Nation - Pakistan   Full article at: The Nation - Pakistan
 

 
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2 weeks ago

SpiceJet announces flight connecting Kolkata, Kathmandu

Jul 11 2014 2:29am CDT | Source: Business Standard

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5 weeks ago

Research institute awarded grant to improve eye health

Jun 17 2014 5:27am CDT | Source: San Antonio Business Journal

The Texas Biomedical Research Institute has received a $782,316 grant to identify genetic factors that influence eye health and disease. The grant from the National Eye Institute and the National Institute of Health was announced by U.S. Rep. Pete Gallego, D-23rd District, as part of an ongoing partnership between Texas Biomed in San Antonio and the Tilganga Institute of Ophthalmology in Kathmandu, Nepal. “This work has a global impact and improves the lives o ...
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