Pokhara: Solar street lamps have been installed in New Road and Lakeside areas in Pokhara as part of a public private partnership campaign.
Deputy Prime Minister Prakash Man Singh, who is also looks after federal affairs and local development portfolio, this evening inaugurated the solar street lamps, installed by Pokhara Sub-metropolis Office, Pokhara Tourism Council, New Road Improvement Committee and the Centre for Inclusive Growth under the PPP model, amid a programme in Lakeside. The Centre for Inclusive Growth had given the responsibility of installing the lights to Suryoday Energy Private, Pokhara.
Kathmandu, 9 August: The government is set to restructure the Investment Board Nepal (IBN), which was formed to facilitate implementation of big infrastructure projects. Top officials at the Ministry of Finance said preparations are under way to amend the IBN Act. The IBN is being restructured as the board does not have representatives from the foreign and energy ministries.
Although the IBN has been assigned the responsibility to facilitate the implementation of hydropower projects of above 500 MW capacities, there are no representatives of the foreign and energy ministries in the board. Rather, forests minister and Nepal Rastra Bank governor are members of the board. Senior government officials said that the restructuring process has been started after criticism of the government for excluding two line ministries in the board.
Kathmandu, August 3: India’s Prime Minister Narendra Modi today said New Delhi was ready to accommodate Nepal’s concerns about the Treaty of Peace and Friendship and resolve boundary issues, including in Susta and Kalapani.
During one-on-one meeting with Prime Minister Sushil Koirala and delegation-level talks led by the two premiers, Modi promised to take effective measures to reduce Nepal’s alarming trade-gap of some 400 billion rupees with India. Modi announced a soft credit line of one billion US dollars to be used in infrastructure development and energy projects as identified by the Nepali government.
Kathmandu, August 2: The much-awaited power trade agreement (PTA) with India and project development agreement (PDA) for hydropower projects will not be signed during the two-day Nepal visit of Indian Prime Minister (PM) Narendra Modi.
Stating that adequate preparation has not been done for PTA and PDA, the cabinet meeting on Saturday decided to sign the agreements by forging consensus within six weeks. The energy sector once again is facing uncertainty as the breakthrough agreements through which the government plans to attract investment in the sector will not happen. The government had planned to send positive message to the investors by forging consensus on both the agreements by getting the PDA approved by the Investment Board (IB) and cabinet on Sunday. Chance of signing of PTA has ended for now as the Indian side refused the draft Nepal sent for PTA.