सुनाखरी न्युज
२०७६ जेठ ९ , बिहिवार

English News


Government of Nepal and the World Bank launch new project to scale up renewable energy options

  Sunakhari News/ Kathmandu- The Government of Nepal (GoN) and the World Bank signed an agreement today to scale up renewable energy options in selected regions of Nepal in partnership with private sector. The agreement was signed by Mr. Shreekrishna Nepal, Joint Secretary, Ministry of Finance on behalf of the Government of Nepal and Mr. Bigyan Pradhan, Acting Country Manager on behalf of the World Bank.   Total of USD 17.21 million will be spent during four-year period of the Private Sector-Led Mini-Grid Energy Access Project, of which the World Bank will finance total of USD 7.61 million (Approx. NRs 84 Crore 52 Lakhs) through its Strategic Climate Fund (SCF) comprising of SCF Grant of USD 5.61 million and SCF soft loan of USD 2 million. Similarly, Government of Nepal will contribute subsidy of USD 6 million and the remaining USD 3.60 million will be contributed by the private sector. The project will provide renewable energy to 126,000 rural people and support more than 80 businesses through micro/mini-hydro and solar subprojects in Nepal’s rural areas. The project will be implemented by the Alternative Energy Promotion Centre (AEPC), the government's nodal agency for renewable energy promoti....


High-Level World Bank Group Delegation Heads for Nepal Investment Summit

Sujnakhari News/ KATHMANDU- The CEO of the Multilateral Investment Guarantee Agency (MIGA) and two World Bank Group Vice Presidents will join development banks, ambassadors, and hundreds of investors from more than 30 countries at the Nepal Investment Summit on March 29 and 30. The Summit aims to help attract private financing for key infrastructure projects as Nepal undertakes new regulatory reforms.   The top three Bank officials are: Keiko Honda, Executive Vice President and CEO of MIGA; Hartwig Schafer, Vice President of the World Bank’s South Asia region, and Hans Peter Lankes, Vice President, Economics and Private Sector Development, International Finance Corporation (IFC).   The three World Bank Group representatives will discuss the Bank’s support for Nepal with Rt. Hon. Prime Minister K P Sharma Oli of Nepal and Finance Minister Yuba Raj Khatiwada.   “Nepal has been a rising star in South Asia with foreign direct investment flows reaching a record high in 2017, and likely to remain an important investment destination in the region. This confirms Nepal’s efforts to improve its investment climate and become a competitive investment destination for multinational companies that w....

Investment Summit

Nepal Investment Summit: country seeks to prove it best venue for investment

Sunakhari News/   Kathmandu- Nepal is hosting the Nepal Investment Summit, 2019 on March 29-30 and it is determined to prove the country is an appropriate place for investment.   Speaking at a press meet on the eve of the Summit today at the Ministry of Finance, Finance Minister Dr Yuba Raj Khatiwada expressed his hope that the Summit would prove a golden opportunity to advance towards the goals of economic progress and prosperity set by the government.   Nepal seeks to conclude the Summit as a celebration, proving that Nepal is an appropriate venue for (foreign) investment.   “ The Summit is a common  mission of Nepalis and  combined efforts are necessary to make it a success, utilising the right opportunity to bring foreign investment home,” the Minister said at the event also attended by Minister for Communications and Information Technology, Gokul Baskota; Nepal Investment Board’s  chief executive officer Maha Prasad Adhikari and office bearers of the Federation of Nepalese Chamber of Commerce and Industry ( FNCCI); Nepal Chamber of Commerce; and the Confederation of Nepalese Industries ( CNI).   According to him, the event would be successful in addressing the national necessiti....


ADB Lending Hits Record High in Nepal But Disbursement Needs to Match Up

Sunakhari News/ Kathmandu- The Asian Development Bank's (ADB) annual lending to Nepal hit a record high in 2018, but disbursement has been lagging. ADB’s total lending in 2018 reached $592 million and technical assistance at $8.01 million (including $5.31 million in cofinancing) for projects in transport, urban development and water supply, energy, rural roads, agriculture, and natural resources. “This is a substantial increase from the $253 million a year on average lending during 2014–2016 that demonstrates ADB’s strong commitment to Nepal’s economic development and improving the lives of its people,” said ADB’s Deputy Director General for South Asia Mr. Diwesh Sharan, speaking at a country portfolio review meeting jointly organized by ADB and the Ministry of Finance. Mr. Sharan also said ADB’s portfolio performance in Nepal has shown good progress in recent years, but contract aw....

Democracy, press freedom inseparable: NC President Deuba

  Sunakhari News/ Bhimdattanagar- The main opposition Nepali Congress President and former Prime Minister Sher Bahadur Deuba has said the democracy can not exist without press freedom.   While inaugurating the 5th district convention of Nepal Press Union Kanchanpur here today, President Deuba argued that the democracy and press freedom could not be separated.   On another note, he blamed that the federal government did not allocate required budget for the holistic development of the far western province.   He also focused on constructing four-lane bridge over the Mahakli River.   Speaking in the same programme, NC central leaders NP Saund and Rameskh Lekhak viewed that press freedom was essential to enhance democracy in the country.....


Training 48,000 drivers and their helpers

Sunakhari News Kathmandu The Independent Transport Workers Association of Nepal (ITWAN) is to impart training to 48,000 drivers and their helpers of public vehicles with an objective of reducing the number of road accidents.   The ITWAN is going to launch the campaign with trained drivers and their helpers to reduce road accidents. ITWAN Chair Bhim Jwala Rai said that they were going to launch the campaign as some six to seven people lost their lives every day in road accident.   He said, "We will impart training to drivers and assistant drivers of all provinces about road discipline and traffic rules, which will help reduce road accidents."   The ITWAN has mobilized its all organisations across the nation for the campaign. The organisation would paste stickers reading 'I'm a responsible transport worker', I do not use mobile phone while driving' and 'I follow traffic rules' in all public vehicles under the campaign.   Similarly, the ITWAN would organize health camp for transport workers, where they could undergo blood pressure, diabetes, eye checkup and kidney test free of cost.   According to Chief of Metropolitan Traffic Police Division, Basanta Panta, around 2,500 to 3,000 people lose ....


Nepal Hosts First Regional Conference of Women in the Power Sector

Sunakhari News/


More than 250 engineers and energy-sector professionals represented their countries at the first regional conference of the Women in Power Sector Network in South Asia (WePOWER)--a forum to promote and diversify female practitioners’ opportunities in the power and energy sector. They included representatives from 60 participating institutions from local and international power utilities, energy sector organizations, and multilateral agencies.

Pravin Raj Aryal, Joint Secretary at the Ministry of Energy, Water Resources and Irrigation in Nepal, opened the two-day conference on February 20. “Energy access and infrastructure development are critical elements in South Asia’s regional development strategy. However, women’s opportunities to contribute to the energy sector are limited, with a visible lack of gender diversity in technical and senior management positions,” he said.

He added that initiatives such as WePOWER would help nurture partnerships among women professionals, leading....


ADB Joins Partnership to Promote Women in South Asia Energy Industry

Sunakhari News/ Kathmandu- The Asian Development Bank (ADB) is partnering in a new professional network launched today in Kathmandu to promote more female practitioners in South Asia’s energy and power sector. The Women in Power Sector Professional Network in South Asia (WePOWER) aims to support participation of women in energy projects and institutions, as well as promote more women in science, technology, engineering, and mathematics education. The first Regional Conference of WePOWER opened today with 150 attendees, including representatives of energy sector utilities and public agencies involved in projects, technical universities, women engineers, and students. The 2-day event is co-hosted by the World Bank Group and ADB. “WePOWER is closely aligned with ADB’s broader long-term commitment embodied in its long-term Strategy 2030 to remove constraints that women face in finding more and better jobs,” said ADB Principal Social Development Specialist Mr. Francesco Tornieri. “Although this applies to all sectors, we see the energy sector as one of the most challenging.” Energy access and infrastructure development are critical elements in South Asia’s development. An ADB series of Gender Equality Diagnostic studies on the energy industr....

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FSU election within April 13: Minister Pokharel

  Sunakhari News/ Pyuthan- Minister for Education, Science and Technology, Giriraj Mani Pokharel, has stressed on holding the election of the Free Students Union within April 13.   At a press meet organised by Pyuthan chapter of Federation of Nepali Journalists at Nayabazaar today, Minister Pokharel said that the government has been involved to improve academic schedule for new education year, adding that it was necessary to move ahead taking the upcoming year as the year of educational reform by holding FSU election within this year.   Saying some acts have already been formulated and some are in this process, he said it was the common responsibility of the federal, provincial and local governments for the development of education sector.   He further said that the government was in preparation to form High-Level Education Commission under chairmanship of the Prime Minister for reform in education sector as there was commercialization in education system after the movement of 2046/47 BS in the country.   The Education Minister said the ministry has been engaged in formulating socialism-oriented education policy to link education with labour, labour with skill, skill with production and production ....