The capacity of the nation's and the eastern region's power plants to produce electricity decreases by two-thirds when the rivers' water levels drop in the second week of April, so the Nepal Electricity Authority (NEA), under the leadership of Managing Director Kul Man Ghising, has made efforts to address the issues by supplying electricity to the region's industrial areas. However, the NEA MD Ghising was called to resign during a protest by a group of industrialists, some of whom also own run-off river hydropower and some of whom are defaulters. Individually motivated protests against NEA and MD Ghising came to a disastrous end when the local power supply was restored.
By A Correspondent May 09, 2023
Chandra Prasad Dhakal took over as the 20th President of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) with a soft-spoken address and a firm objective to provide assistance to manufacturers and businessmen while recovering the economy. Instead of delivering a lengthy speech and making lofty promises, President Dhakal has presented a five-point agenda that is both purposeful and measurable.
By A Correspondent Apr 24, 2023
Mohan Gautam, the newly appointed CEO of Upper Tamakoshi Hydropower Limited (UTHL), has stated that he wants to become the country's largest hydropower plant profitable so that the public shareholder can receive dividends and other benefits.
By A Correspondent Apr 23, 2023
Two major multinational bodies' most recent growth estimates According to the World Bank and the Asian Development Bank, Nepal's GDP growth will most likely be about 4%. Although both organizations anticipated 4.4 percent GDP growth, Nepal's overhang is likely to worsen in the next months given the current health of the economy.
By A Correspondent Apr 10, 2023