infrastructure development
Nepal’s 16th Five-Year Development Plan Unveiled
In a recent announcement, the government of Nepal has unveiled its 16th Five-Year Development Plan, outlining ambitious goals for economic growth and social development. The plan, revealed during a press conference at Singha Durbar, aims to propel the country’s economy forward, targeting a substantial increase in GDP and significant improvements in key indicators. The National […]
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Finance Minister Pun and World Bank Agree on Upper Arun Hydroelectric Project
Nepal’s Finance Minister, Barsaman Pun, currently in America, has secured a crucial agreement with senior World Bank officials in Washington DC regarding the financial management of the 1,063 MW Upper Arun Semi-reservoir Hydroelectric Project in Sankhuwasabha. According to a press statement from the Finance Minister’s secretariat, Minister Pun and Martin Raiser, Vice President for South […]
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Nepal Oil Corporation Commences Construction of Petroleum Storage Facility in Rupandehi
In a significant development, the Nepal Oil Corporation (NOC) has embarked on the construction of a modern petroleum storage facility along the banks of the Rohini River in Rupandehi. The construction project, spanning the boundary areas of Omsatiya and Rohini Rural Municipalities, commenced with the joint inauguration led by Manjit Kumar Yadav, Chairperson of Omsatiya […]
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World Bank to Lead Funding for 1,063 MW Upper Arun Hydropower Project in Nepal
In a significant development, the World Bank has agreed “in principle” to spearhead the financing efforts for the ambitious 1,063 MW Upper Arun hydropower project in Sankhuwasabha, Nepal, announced the Finance Ministry on Friday. The Upper Arun project, situated along the Arun River in eastern Nepal, is projected to require an investment of $1.71 billion. […]
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Safa-Tempos in Nepal: A Once-Leading Electric Vehicle Industry in Trouble
Nepal once had a leading zero carbon emission public electric-vehicle industry. Safa-tempos were once a booming and blooming industry, but they are now facing a downfall. There are a number of reasons for this, including government regulations, lack of support from the government, and fluctuations in the market. Government Regulations One of the main reasons […]
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Electric Vehicle (EV) Sales in Nepal in Rise
The surge in gasoline prices has become a catalyst for the remarkable growth of electric vehicles (EVs) in Nepal’s market. Despite the recent decline in fuel prices, EVs continue to gain popularity and market share in the country. Among the EV models capturing significant attention is the Tata Nexon EV, regarded as a major attraction […]
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