KATHMANDU, Aug 12: The Government of India has agreed to purchase an additional 200 megawatts (MW) of electricity generated from five different hydropower projects in Nepal. With this agreement, Nepal’s total export capacity to India has reached 1,010.9 MW, combining the previously authorized 810.9 MW and the newly added 200 MW. Including the 40 MW...
Prime Minister KP Sharma Oli has said that Nepal is exporting 1,000 MW of electricity to India. Taking to social media , Prime Minister Oli shared that Nepal will earn Rs 80.027 billion by exporting the electricity to India. “We are exporting 1,000 MW of electricity to India. From this, Nepal will earn Rs 80.027...
KATHMANDU, Aug 15: The Millennium Challenge Corporation (MCC) Nepal Compact has officially resumed its work, with the Millennium Challenge Account-Nepal (MCA-Nepal) signing two major contracts to advance the compact’s Electricity Transmission Project on Thursday. Under the two contracts, transmission stretches connecting Ratamate-New Damauli and New Damauli-New Butwal will be installed. The jointly funded projects by...
The United States has completed a review of foreign aid for the Millennium Challenge Corporation (MCC) portfolio as part of alignment with the Trump administration’s ‘America First’ foreign policy. The new strategy, MCC explained in a press statement, will make the US ‘safer, stronger and more prosperous’. Further details are to follow after the MCC...
A flash flood in the Lende river has damaged vital trade infrastructure at the Nepal-China border, disrupting the key Rasuwagadhi-Kerung trading route on the cusp of Nepal’s major festivals. Traders fear the losses may amount to billions of rupees, leading to price hikes on imported goods during the festive season. Lende is a tributary of...
Prime Minister KP Sharma Oli has announced that the Karnali Corridor will be developed as a trade route connecting Nepal with both China and India. Speaking at the inauguration of a bailey bridge over the Chuwakhola River in Kharpunath Rural Municipality, Humla, on Sunday, the Prime Minister emphasized that the corridor holds strategic importance not...
The Millennium Challenge Account-Nepal (MCA-Nepal) has welcomed the United States government’s decision to allow continued implementation of the MCC Nepal Compact under a previously granted exception to the recent freeze on foreign assistance. The decision clears the way for MCA-Nepal to proceed with its key infrastructure projects, including the construction of a 297-kilometre electricity transmission...
In a turbulent world where a polycrisis looms—from Ukraine to Iran—hot conflicts remain unresolved through diplomacy, and the developed world shows fractures, as seen in the recent G7 summit in Canada, multilateral efforts are withering. A rare exception is European unity in the Ukraine conflict. Against this backdrop, cooperation in South Asia becomes especially noteworthy,...
Nepal Electricity Authority (NEA) has resumed the export of 40 MW of electricity to Bangladesh via India. Power from Nepal to Bangladesh was exported for the first time for 12 hours on July 15 last year. It resumed from June 15 this year. A power sale agreement had been signed between NEA, Bangladesh Power Development...