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US grants exception for MCC Nepal Compact amid ongoing foreign assistance review

KATHMANDU: The U.S. Embassy in Nepal announced a significant development in its ongoing partnership with Nepal, revealing that in February 2025, the U.S. Secretary of State approved a specific exception to the 90-day pause on U.S. foreign assistance. This exception allows the Millennium Challenge Corporation (MCC) Nepal Compact, a...

US grants exception for MCC Nepal Compact amid ongoing foreign assistance review
Israel-Iran military clash escalates: Global oil prices surge amid war fears

Israel-Iran military clash escalates: Global oil prices surge amid war fears

Private Hydropower Sector in Crisis as ‘Take and Pay’ Policy Threatens Rs 66 Billion Investment

Private Hydropower Sector in Crisis as ‘Take and Pay’ Policy Threatens Rs 66 Billion Investment

Government withdraws Water Resources Bill despite lower house approval

Government withdraws Water Resources Bill despite lower house approval

Energy Minister promises reform of ‘Take and Pay’ policy, Finance Minister defends It in parliament

Energy Minister promises reform of ‘Take and Pay’ policy, Finance Minister defends It in parliament

Nepal Boosts Power Exports: 40 MW to Bangladesh via India, Strengthening Energy Trade

Nepal Boosts Power Exports: 40 MW to Bangladesh via India, Strengthening Energy Trade

Crude Oil Prices Surge Amid Israel-Iran Fire Exchange

Crude Oil Prices Surge Amid Israel-Iran Fire Exchange

Global IME Bank Leads $48.5M Financing for Upper Mewa Khola Hydropower Project in Nepal

Global IME Bank Leads $48.5M Financing for Upper Mewa Khola Hydropower Project in Nepal

Huawei Nepal Launches FusionCharge EV Network on World Environment Day

Huawei Nepal Launches FusionCharge EV Network on World Environment Day

Energy Producers Gear Up for Protests, Demand Energy Minister’s Resignation, Threaten Powerhouse Shutdown

Energy Producers Gear Up for Protests, Demand Energy Minister’s Resignation, Threaten Powerhouse Shutdown

‘Take and Pay’ policy threatens 17,000 MW hydropower projects, Finance Ministry steps in to address crisis

‘Take and Pay’ policy threatens 17,000 MW hydropower projects, Finance Ministry steps in to address crisis

IPAN Urges Government to Scrap ‘Take and Pay’ Policy in PPA, Energy Minister Khadka Expresses Concerns

IPAN Urges Government to Scrap ‘Take and Pay’ Policy in PPA, Energy Minister Khadka Expresses Concerns

Nepal Introduces Time-Based Electricity Tariffs, Allocates NPR 86.01 Billion for Energy Sector

Nepal Introduces Time-Based Electricity Tariffs, Allocates NPR 86.01 Billion for Energy Sector

Power utility opens PPA for 4,965 MW across 54 hydropower projects, sets 30-day deadline

Power utility opens PPA for 4,965 MW across 54 hydropower projects, sets 30-day deadline

Nepal anti-corruption body investigates IPO commission scandal

Nepal anti-corruption body investigates IPO commission scandal

NEA confirms NPR 46.47 billion profit, validates Kulman Ghising’s claims

NEA confirms NPR 46.47 billion profit, validates Kulman Ghising’s claims

MCC’s uncertain future sparks debate on Nepal’s infrastructure ambitions and cost concerns

MCC’s uncertain future sparks debate on Nepal’s infrastructure ambitions and cost concerns

US decides to shut down MCC, impacting Nepal’s infrastructure projects

US decides to shut down MCC, impacting Nepal’s infrastructure projects

Nepal, India to sign joint transmission line agreement in Khattar’s visit

Nepal, India to sign joint transmission line agreement in Khattar’s visit

NEA faces leadership crisis as new managing director faces criticism

NEA faces leadership crisis as new managing director faces criticism

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