NEPAL > Panel endorses PPA in dollar terms

PPA Sourced from the article by Bibek Subedi from Kathmandu Post: http://kathmandupost.ekantipur.com/news/2016-07-13/panel-endorses-ppa-in-dollar-terms.html   Jul 13, 2016- A sub-committee under the Parliamentary Public Accounts Committee has endorsed the government’s plan to sign Power Purchase Agreement (PPA) in US dollar terms with hydropower developers for a certain period, but raised question over some of such deals already signed. In its report, the sub-committee formed to More …

NEPAL > Going Beyond Media Coverage on Tila-1 and Tila-2 Hydropower Projects

Tila Last year (2015) in September, news emerged that an investment bank based out of Las Vegas, US – InvestBank – acquired a 70% equity stake in the 440 MW Tila-1 hydro-electric project and 420 MW Tila-2 hydro-electric project (http://tinyurl.com/z9rxyrh).  Tila-1 and Tila-2 had the projected costs of US$ 649 Million and US$ 555 Million respectively. It further mentioned that InvestBank More …

NEPAL > 5 hydropower companies in pipeline to issue IPO

IPO Initial Public Offerings of a string of public limited companies are in the pipeline. There are five hydropower companies in pipeline to issue IPO. Arun Kabeli Power Company Limited (AKPL) is proposing to come out with an Initial Public Offering of worth Rs 45 crore at ­­face value NPR 100 each at par. Of the total shares, 1,500,000 unit shares More …

NEPAL > MCC to Explore Investments in Power and Transportation Sectors in Nepal

MCC Nepal and the US government have held talks regarding investment opportunities in energy and transportation sectors in Nepal. Regional Deputy Vice-president for Compact Operations of the US government’s Millennium Challenge Corporation, Fatema Sumar, met government officials and agreed to explore investments in the power and transport sectors, according to a statement issued by the Embassy of USA in Kathmandu today. More …

NEPAL > InvestBank Acquires Equity Stake In Asian (Nepali) Hydroelectric Projects

Investbank LAS VEGAS, Sept. 1, 2015 /PRNewswire/ — InvestBank Corp., the global investment bank headquartered in the United States of America, has acquired a 70% equity stake in the 440 MW Tila-1 hydroelectric project and the 420 MW Tila-2 hydroelectric project in the South Asian country of Nepal. InvestBank is working in cooperation with S.C. Power Company Pvt. Ltd. to develop More …

NEPAL > Energy sector attracts Rs54b in FDI pledges

foreign-direct-investment-FDI With some landmark agreements over the last few years, energy has become the most lucrative sector in Nepal for foreign direct investment (FDI). The signing of the Project Development Agreement (PDA) of two major FDI projects—Upper Karnali and Arun III—and the signing of Power Trade Agreement (PTA) with India has boosted investors’ confidence. This is reflected in the FDI commitment More …

NEPAL > Unbundling of Nepal Electricity Authority (NEA) starts

nea KATHMANDU, Feb 23: The government has started unbundling of the Nepal Electricity Authority (NEA) deeming that development of energy sector suffered while generation, transmission and distribution/sale of electricity were handled through a single body. The Energy Ministry has started process to form Grid Development Company by separating transmission from the NEA in the first stage. The ministry has also started More …

NEPAL > Industrial Promotion Board approves 3 other hydro FDI projects

hydro images KATHMANDU, FEB 16 – Development of three FDI-funded hydropower projects is all set to move ahead, with the Industrial Promotion Board (IPB) on Sunday giving its go-ahead. The 214th meeting of the IPB chaired by Industry Minister Mahesh Basnet cleared a proposal of 92 percent foreign direct investment (FDI) and 8 percent domestic investment in 65MW Kaligandaki Upper Hydro Project. More …