- Sunday, 7 September 2025
Laxman Kafle
Salubrious Mohi becomes ‘a must’ item on most occasions
In a welcome shift towards healthier living, a growing number of people are choosing buttermilk over soft cold drinks, thanks to widespread awareness campaigns launched by dairy entrepreneurs, associations, and health advocates.
Gold price reaches all-time high
The price of gold reached a record high of Rs. 200,600 per tola in the domestic bullion market. According to the Federa
IBN, Korea’s G-Philos sign MoU for green hydrogen, fuel cell plant in Nepal
Kathmandu, Aug. 29: The Investment Board Nepal (IBN) and G-Philos Company Limited, Republic of Korea, have signed a Memorandum of Understanding (MoU) for the preparation of a detailed feasibility study report on establishing a Green Hydrogen Plant and Fuel Cell Plant in Nepal.Sushil Gyewali, Chief Executive Officer of IBN, and Ga-Woo Park, Chief Executive Officer of G-Philos Company Limited, singed the MoU amidst a function on Thursday.Park Tae-Young, Ambassador of the Republic of Korea, along with government officials, and representatives from development partners, private sector, and think tanks attended the signing ceremony.According to the MoU, G-Philos Company Limited will prepare a detailed feasibility study report after obtaining a survey permit from the Investment Board and submit it to the Office of the IBN within about 10 months.This collaboration is expected to pave the way for investment approval for establishing, developing, and operating a Green Hydrogen and Fuel Cell Plant in Nepal, with an estimated cost of Rs. 6.8 billion to be developed under the Public-Private Partnership (PPP) model, according to the IBN.At the signing ceremony, Park Tae-Young, South Korean envoy to Nepal, said that Nepal has immense potential for this type of renewable clean energy.He expressed his belief that such projects will prove to be a milestone in the achievement of the sustainable development goals that Nepal has set for itself and will add a new dimension to the bilateral relations between Nepal and South Korea. CEO Gyewali said that the academic sector would also play a crucial role in such projects and that the projects would play an important role in the exchange of capital and technology in a country like Nepal.He expressed his hope that the proposing company would submit a quality report within the specified time and expressed his commitment to establish a green hydrogen plant in Nepal as soon as possible after the study.On the occasion, Chairman of the Electricity Regulatory Commission Dr. Ram Prasad Dhital, Director General of the Department of Electricity Development Jeebachh Mandal, Joint Secretary of the Ministry of Energy, Water Resources and Irrigation Chiranjivi Chataut, Managing Director of the Nepal Electricity Authority Hitendra Dev Shakya and Dr. Biraj Singh Thapa, a researcher at Kathmandu University who is active in the study and research of green hydrogen, shared their views on the current policy and legal arrangements regarding green hydrogen in Nepal, its multifaceted benefits, and the use of this type of energy in the coming days.G-Philos Company Limited had submitted a proposal to the Office of the Investment Board Nepal on April 28, 2025 for the establishment, development and operation of a green hydrogen and fuel cell plant in Nepal in a public-private partnership model. The 63rd board meeting of the Investment Board Nepal decided to grant the survey permission by reaching an agreement with the proposing company.The journey toward green hydrogen development in Nepal began with the initiative of the Prime Minister KP Sharma Oli during his previous tenure, when the Asian Development Bank conducted a study in 2020 on the potential of producing hydrogen using Nepal’s abundant hydropower resources.In the same year, Kathmandu University established a Green Hydrogen Laboratory to advance research and explore the prospects and requirements of green hydrogen in the national context.Recognising the importance of clean energy, Nepal has prioritised the production and use of renewable energy, including green hydrogen, in line with its recent international commitment to achieve net-zero carbon emissions. The government of Nepal has endorsed the Green Hydrogen Policy, 2023, providing a framework to promote and facilitate investment in this emerging sector.
Paddy plantation completes in 95% fields
Paddy plantation of this year has completed, as plantation has been done almost in 95 per cent of the total paddy fields as of Sunday. According to the Depa
Nepal’s forex reserves reach record high at Rs. 2,677 billion
Nepal’s foreign currency reserves surged to a record high in the fiscal year 2024/25, providing a strong buffer for the country’s external sector. According to the annua
FDI commitment surges sharply
Nepal witnessed a significant surge in foreign direct investment (FDI) commitments in the first month of the current fiscal year 2025/26, with pledges reaching Rs. 24.10 billion. According to the report
Gundruk gaining space in grocery stores
An integral part of Nepali traditional cuisine, gundruk—dried form of green leafy vegetable, is gaining renewed popularity across all social classes and is even making its way into high-end culinary establishments.
NOC to build new fuel depot in Rupandehi
Nepal Oil Corporation (NOC) is set to construct a new fuel depot with modern facilities on the banks of Rohini River in Rupandehi at a cost of almost Rs. 6 billion.
NEA’s profits fall by 37% amid growing expenses, foreign exchange losses
The Nepal Electricity Authority (NEA) has reported a significant drop in its profit for the fiscal year 2024/25, primarily due to declining electricity export rates, increasing administrative costs and losses from foreign exchange fluctuations.0
Soaring gold prices hit consumption, imports in Nepal
Nepal has witnessed a steep decline in gold imports and local consumption over the last fiscal year, as record-breaking global prices of the precious metal have stunned the domestic market. According to the annua
Import of agricultural goods soars to Rs. 400 bn
Nepal is an agrarian country, but over the years import of agricultural goods has been growing alarmingly. According to annual tra
Nepal exports power worth Rs. 17.5 bn to India, Bangladesh in 2024/25
At a time when the country’s export trade has not been encouraging, Nepal managed to export power worth Rs. 17.46 billion to India and Bangladesh in the last fiscal year 2024/25, indicating that electricity could emerge as the key export product of Nepal soon.
Drought, poor irrigation hit paddy plantation
Most farmers in Nepal heavily depend on monsoon rains to grow paddy and other crops due to limited irrigation facilities.
Nation to mark National Millet Day today
The National Millet Day is being marked for the first time in Nepal on Friday with the slogan “Diet of Millet Dishes: Base of Food Security and Healthy Life”. The day is being celebrated nationwide to highlight the importance and potential of millet crops and to increase public interest in promoting its cultivation and consumption as well, according to Department of Agriculture under the Ministry of Agriculture and Livestock Development.
DPR ready to relocate aviation fuel depot from Sinamangal
A Detailed Project Report (DPR) has been prepared for the relocation of the aviation fuel depot near Tribhuvan International Airport in Sinamangal. The DPR for relocating th
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