You can charge your EV at home

People who are using electric vehicles will now be able to charge their vehicles by having a separate meter in their own home. The customers will be able to charge a vehicle with a separate meter of larger capacity in their home compound if the vehicle cannot be charged without the approved load for domestic use. The Nepal Electricity Authority (NEA) has decided to provide electricity along with transformers to encourage large investment in electric charging stations. The power utility has made...

NEA revamping power supply infrastructure in Valley

Nepal Electricity Authority (NEA) has taken initiative to complete the under construction projects as soon as possible for the improvement of power transmission and distribution system in the Kathmandu Valley. The NEA has moved ahead with the aim of completing the projects under construction within a year to meet the growing demand of electricity in the Kathmandu Valley and to make the supply reliable and qualitative. Projects such as construction of new substations, automation of existing substations,...

‘Fertiliser problem due to shortage in int’l market’

The Ministry of Agriculture and Livestock Development (MoALD) has made it clear that it will not be able to cater to the regular demand of chemical fertiliser due to rising prices even in the international market. Minister for Agriculture and Livestock Development Mahindra Ray Yadav said that necessary arrangements for fertiliser could not be made in Nepal at present due to shortage in the international market and price hikes. Organising a press conference at the Ministry on Sunday, he said that...

150 MW power load approved for 12 industries in four months

Nepal Electricity Authority (NEA) has approved a load of 150.5 MW for power supply to 12 industries in the first four months of the current fiscal year 2021/22. The steel and cement industries are among the load approved projects. The steel industry in operation had demanded additional electricity while some cement industries had not received electricity till date.

Silver import soars unnaturally

The import of silver has increased excessively during the first four months of the current fiscal year. According to the statistics of Trade and Export Promotion Centre (TEPC), silver worth around Rs. 14.36 billion has been imported in the first four months of the current fiscal year. Silver import has increased by 10 times (998.3 per cent) compared to the same period of the previous year.

Fertiliser shortage hits farmers

Skyrocketing price hike of chemical fertilisers in the international market is leading to an acute shortage of chemical fertilisers in Nepal. “The price of chemical fertiliser has tripled in the international market this year compared to last year. There is a problem in the purchase as the price of chemical manure continues to rise, said Netra Bahadur Bhandari, managing director of Agriculture Inputs Company (AICL).

116 industries registered in four months at Rs. 135 billion investment

Domestic and foreign investment of around Rs. 159 billion has been proposed during the first four months of the current fiscal year 2021/22. According to the Department of Industry, domestic and foreign industries with an investment of Rs. 159.04 billion have been proposed in the first four months of the current fiscal year. As of mid-November of the current fiscal year 2021/22, a total of 116 industries both domestic and foreign have been registered with an investment of Rs. 134.86 billion, said...

‘International market determines fuel prices’

The soaring price of petroleum products in the international market is leading to fuel price hike in the domestic market, said an official. “We are adjusting fuel prices based on the auto pricing system, under which fuel cost has been adjusted based on international prices,” said Binitmani Upadhyay, spokesperson and deputy director of the Nepal Oil Corporation (NOC).

Nepal begins to export electricity to India

Nepal has been permitted to sell electricity at a competitive rate in the Indian energy market. The Ministry of Power of India, the body approving inter-country electricity trade, on Monday gave the Nepal Electricity Authority (NEA) the permission to sell electricity in the Indian Energy Exchange market. In the first phase, the NEA is allowed to sell 39 MW of electricity generated from 24 MW of Trishuli and 15 MW of Devighat hydropower plants in Nuwakot as a source to the Indian Energy Exchange...

NRB gears up to revive coin minting

Minting of gold coins (asharfi) and commemorative coins has resumed after two years’ hiatus in lack of office space for the Mint Division of Nepal Rastra Bank, as its previous office located at Sundhara was demolished for the reconstruction of the Dharahara tower. The Mint Division had been shifted to a building of the Nepal Aushadhi Limited, Babarmahal from Sundhara and it has begun minting asharfis (gold coins), Binod Raj Acharya, director of the division, said. After the government opted...