Facilitation of Nepal government in acquisition of land for different projects will play a crucial role in ensuring that any project, especially backed by the Indian government, is completed on time, said Vijay Keshav Gokhale, foreign secretary of India while addressing a Nepali media delegation here recently.
The rainstorm on Sunday in Nepal’s southern plains brought down the electricity wires and lines resulting disruption in the import of 70 MW electricity from India.
Saddled with surplus power generation and lower demand from the utilities, the government is looking at throwing open a short-term power market to the consumers in the neighbouring countries by allowing them access to Indian power exchanges for meeting day-to-day requirements.
Nepal has invited Indian investments in hydro power, roads and highways and the hotel industry to give a boost to economic ties between the two countries.
The Government of Nepal has released additional Rupees 840 Million to the Department of Rail to purchase trains from India. Releasing a cabinet decision of March 18, Nepal’s Ministry of Communication and Information Technology made it clear that the amount was released as per G to G (Government to Government) process.
The Indian government has proposed the construction of Lower Arun Hydropower Project in Nepal with a capacity of 400 megawatts (MW). “In a meeting with Minister for Energy, Water Resource and Irrigation Barshaman Pun at New Delhi on Monday
After three blasts on Thursday at Nepal’s under-construction hydropower project, which is being developed with the assistance of India, workers at the site have expressed fears on continuing work.
The stalled Nepal-India petroleum pipeline has been expedited with the Nepal government okaying forest clearance for the project, which is now expected to be completed by April-end, said a Nepal Oil Corporation (NOC) official.
Nepal and India have agreed to set up an ‘Energy Banking’ mechanism that would help the Himalayan country export its surplus electricity to neighbour India during the monsoon season and import power during its lean season in winter.
The Himalayan Hydro Expo 2019 kicked off here on Friday to bring together key developers, investors and policy makers, and to showcase state-of-the-art technologies for hydropower development in Nepal.