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Page last updated at 2014-09-02 07:35:13 RSS
  PAC To Grill Promoters Of Khimti And Upper Bhotekoshi Over PPA
    Both the project developers have been deferring repeated proposals of NEA as well as MoE to revise the dollar-based power purchase agreements.

KATHMANDU, Sept 1: The parliamentary Public Accounts Committee (PAC) has decided to grill the promoters of Khimti and Upper Bhotekoshi hydropower projects, citing heavy loss incurred by the state-run Nepal Electricity Authority following the Power Purchase Agreements (PPA) signed with these projects.

A PAC sub-committee formed to study these PPAs signed in US dollars has summoned officials of Himal Power, the promoter of 60 MW Khimti, and Bhotekoshi Power Company, the promoter of 45 MW Upper Bhotekoshi, on September 11.

  Launches Galore At NADA Auto Show
    KATHMANDU, Sept 1: The NADA Auto Show, which kicks off in Kathmandu on Wednesday, will see launch of more than half a dozen new models of four-wheelers.

Among others, Fiat, Tata, Maruti Suzuki and Toyota are launching their new offerings at the five-day event. Fiat is launching two models -- Punto Evo and New Linea, while Toyota is launching Etios Cross. Similarly, Tata Motors is unveiling Safari Storme Ladakh Limited Edition and Maruti Suzuki is lifting the wraps off Celerio hatchback.

  NTB Probe Panel Seeks Another Term Extension
    KATHMANDU, Sept 1: A committee formed to investigate into anomalies at Nepal Tourism Board (NTB) has sought five-day term extension.

“We have asked the government to provide us five more days as we have completed nearly 80 percent of works,” Purna Chandra Bhattarai, coordinator of the committee, said, adding: “We will complete remaining works and submit the report within five days.

  La Trobe University Announces Scholarship
    KATHMANDU, Sep 1 : La Trobe University of Australia has announced scholarships worth US$ 300,000 for Nepali students.

Professor Lee Drek, dean of the university, announced the scholarship.

  Tourism Dev Bank Supports Flood Victims
    KATHMANDU, Sep 1 : Tourism Development Bank Ltd has provided Rs 151,000 to the Prime Minister Disaster Relief Fund as part of its corporate social responsibility.

 According to a statement issued on Monday, the bank said the support will be used to provide relief to victims of floods and landslides in different parts of the country. Manoj Khadka, acting CEO of the bank, handed over the check to Prime Minister Sushil Koirala on Monday.

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