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

11 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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35 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

16 hours ago

Mount Everest and Pollution

Aug 21 2014 8:40am CDT | Source: Canada Free Press

Environmentalists have switched their assault on the world economy to a new frontier, previously unaffected by their agenda – peaks, Mount Everest to be more specific, located between China and Nepal in the Himalayas. The 29,029 feet mountain is in danger. What is the crisis? According to the National Geographic team, the mountain is “overcrowded with inexperienced climbers and poll ...
Source: Canada Free Press   Full article at: Canada Free Press
 

 
Update
10

16 hours ago

Mount Everest and Pollution

Aug 21 2014 8:30am CDT | Source: Canada Free Press

Environmentalists have switched their assault on the world economy to a new frontier, previously unaffected by their agenda – peaks, Mount Everest to be more specific, located between China and Nepal in the Himalayas. The 29,029 feet mountain is in danger. What is the crisis? According to the National Geographic team, the mountain is “overcrowded with inexperienced climbers and polluted with ...
Source: Canada Free Press   Full article at: Canada Free Press
 

 
Update
9

3 days ago

At least 180 killed in flooding and landslides in India and Nepal

Aug 18 2014 10:18am CDT | Source: Euronews

Floods and landslides in northern India and Nepal have left at least 180 people dead. Thousands more have been marooned in villag ...
Source: Euronews   Full article at: Euronews
 

 
Update
8

4 days ago

Nepal flood toll shoots over 100

Aug 17 2014 10:30pm CDT | Source: The Standard: China's Business Newspaper

Nepalese authorities attempting to reach thousands of people stranded by flooding fear an outbreak of diseases from the disaster that ...
Source: The Standard: China's Business Newspaper   Full article at: The Standard: China's Business Newspaper
 

 
Update
7

4 days ago

Cholera fears rise after floods in Nepal

Aug 17 2014 2:00pm CDT | Source: The Nation - Pakistan

KATHMANDU : Rescuers Sunday found 12 more bodies buried under mud and debris to bring the death toll from landslides and flooding in Nepal to 97, sparking fears of a cholera outbreak. Torrential rain last week triggered multiple landslides and flooding, stranding thousands of villagers and leaving a trail of death and destruction i ...
Source: The Nation - Pakistan   Full article at: The Nation - Pakistan
 

 
Update
5

1 week ago

In Nepal, a Better Life With a Steep Price

Aug 14 2014 7:37pm CDT | Source: NewYorkTimes-Business Day

Plagued by endemic poverty, many young people in Nepal leave to work abroad. But the backbreaking labor they find there often results ...
Source: NewYorkTimes-Business Day   Full article at: NewYorkTimes-Business Day
 

 
Update
4

1 week ago

SpiceJet starts maiden international flight from Kolkata

Aug 13 2014 7:07am CDT | Source: Business Today

This is SpiceJet's second service to Kathmandu's Tribhuvan International Airport from the country. The airline already operates its flight services from N ...
Source: Business Today   Full article at: Business Today
 

 
Update
3

1 week ago

LGBT supporters march in Nepal for same-sex marriage

Aug 12 2014 3:07am CDT | Source: Euronews

no comment : LGBT supporters march in Nepal for same-sex ...
Source: Euronews   Full article at: Euronews
 

 
Update
2

2 weeks ago

Flood like situation in Bihar, villagers still await help

Aug 5 2014 11:48pm CDT | Source: Business Standard

The impending flood threat near the Kosi river basin of Bihar has abated now even as the evacuation of villagers to a safer place is in progress. The flood threat began due to the landslide in Nepal.The situation has been averted after the latter's ... ...
Source: Business Standard   Full article at: Business Standard
 

 
Update
1

2 weeks ago

India's Modi Woos Nepal

Aug 4 2014 8:01pm CDT | Source: WSJ.com: Asia Home

Indian Prime Minister Narendra has offered loans to help build infrastructure in Nepal as India tries to regain ground as a regional power in South Asia, where China's ...
Source: WSJ.com: Asia Home   Full article at: WSJ.com: Asia Home
 

 

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