Nepali market updates
First MCC construction contract awarded – Butwal Substation Deal Signed
In a significant stride towards bolstering Nepal’s energy infrastructure and facilitating cross-border energy trade, the Millennium Challenge Account-Nepal (MCA-Nepal) has inked a contract agreement for the construction of the New Butwal Substation. This pivotal project is being funded through a grant from the US Mission Millennium Challenge Corporation (MCC), marking the first construction contract under […]
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Nepal Business News: Loans, Elections, Currency Update
Nepal Government Approves World Bank Loan for Development Projects Kathmandu, May 3: In a significant move to boost the country’s economy, the Nepal government has given the green light for a concessional loan of around Rs 13.33 billion from the World Bank. This decision was announced during a press conference held at the Ministry of […]
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Nepal’s Sustainable Development Vision Unveiled at Investment Summit
Dr. Min Bahadur Shrestha, Vice Chairman of Nepal’s National Planning Commission (NPC), has unveiled the country’s sustainable development vision while addressing the ‘Harnessing Green Finance for Sustainable Investment’ session at the Third Investment Summit in Kathmandu. He highlighted that the goals and programs of Nepal’s upcoming 16th Plan have been formulated by identifying the nation’s […]
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Nepal Focuses on Diversifying Energy Mix: Experts Advocate for Hydrogen, Solar, and Wind Power
During the Himalayan Hydro Expo 2024, organized by the Independent Power Producers’ Association, Nepal (IPPAN), stakeholders and experts converged to discuss the pressing need for diversifying Nepal’s energy mix. The session, titled “Pioneering the Clean Energy Synergy,” shed light on the immense potential of alternative energy sources, including hydrogen, solar, and wind power, alongside the […]
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