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Kulekhani-3 project misses deadline for sixth time

Kathmandu, Feb. 17 -- The much awaited Kulekhani-3 Hydropower Project has again missed its completion deadline of January 2019 due to the dillydallying by a Chinese contractor hired for the job. This ... Read More


$630 million compact to be tabled in Parliament

Kathmandu, Feb. 16 -- The government has decided to table the compact signed with Millennium Challenge Corporation, an independent US government agency, in Parliament for ratification. Endorsement of ... Read More


Federation takes ownership of protest by industrialists

Kathmandu, Feb. 14 -- The Federation of Nepalese Chambers of Commerce and Industry said it took ownership of the protest movement being carried out by its member associations against high bank interes... Read More


Tanahu Hydropower: Italian contractor may be fired for being no-show

Kathmandu, Feb. 12 -- Tanahu Hydropower Limited, the developer of the Tanahu Hydropower Project, is mulling to fire Cooperativa Muratori e Cementisti di Ravenna for being a no-show. The Italian contra... Read More


Central Bank powerless to check rising interest rate

Kathmandu, Feb. 10 -- Nepal Rastra Bank, the central monetary authority of the country said that it was impossible to bring down the high interest rates charged by banks and financial institutions on ... Read More


Cabinet okays regulation to establish hedge fund

Kathmandu, Feb. 9 -- KATHMANDU, The draft regulation was tabled by the Finance Ministry, and its approval paves the way for the establishment of the fund at Nepal Rastra Bank, the country's central b... Read More


Bheri Babai tunnel is 92pc complete

Kathmandu, Feb. 8 -- The Bheri Babai Diversion Multipurpose Project has nearly finished digging a 12-km tunnel using a tunnel boring machine, a first in the country. The irrigation-cum-hydropower proj... Read More


Government's last-ditch effort to bring back Italian contractor for Melamchi project fails

Nepal, Feb. 8 -- After nearly two months of drama, a series of failed negotiations and the eleventh hour trip to Singapore aimed at bringing the Melamchi project back on track, the government has offi... Read More


Electricity Authority cuts grid losses to 15.45pc

Kathmandu, Feb. 7 -- The Nepal Electricity Authority slashed electricity leakage by 5 percentage points in the first five months of the current fiscal year. The state-owned power utility claimed that ... Read More


Mayor, ward chairmen caught stealing electricity

Kathmandu, Feb. 5 -- Officials of the Nepal Electricity Authority found local body chiefs in Rautahat district stealing electricity from overhead power lines by using hook lines during an inspection. ... Read More