NB Group has established the National Hydro Power Company ( NHPC)  in joint venture with Lyse Kraft AS of Norway in 1996. Lyse Kraft AS was founded in 1947 and is currently amongst the five largest power producers of Norway.

NHPC has currently completed a 7.5 MW Indrawati III Hydro Power Project which was commenced in 1999. This project is located east of Kathmandu. NHPC received the license to transmit the 7.5 MW electricity from this project's location to Panchkhal substation, from where the sale of electricity to NEA will take place.

Corporate News

India makes exemption for Nepal, allows some refined palmolein imports

February 12, 2020- India, which restricted imports of refined palm oil and palmolein in January, has exempted Nepal and has started issuing licences to import some refined palmolein from the Himalayan nation, two government officials told Reuters.

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HIDCL, Power China to build 762MW Tamor reservoir project

Kathmandu, September 16- The Hydroelectricity Investment and Development Company Ltd (HIDCL) and state-owned Power China Corporation have jointly submitted a project development proposal at the Investment Board Nepal (IBN) to build the 762-megawatt Tamor reservoir project, which will cover Panchthar, Taplejung, Terhathum and Sankhuwasabha districts.

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Security audit of BFIs compulsory

Kathmandu, September 10- Nepal Rastra Bank (NRB) has made it mandatory for banks and financial institutions (BFIs) to conduct an audit of their information and technology (IT) system.

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Age limit set for CEOs, directors at BFIs

KATHMANDU: Nepal Rastra Bank has set an age bar for board of directors and chief executive officers of banks and financial institutions (BFIS).

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Symbol % Change Last Price Turnover
NMBMF 10.0000 1,089.0 8,061,514.0
PPCL 9.9548 243.0 15,186,772.0
HURJA 9.7938 213.0 8,404,030.0
AKJCL 9.5890 160.0 2,925,010.0
NABIL 8.8632 1,130.0 383,441,401.0
Symbol % Change Last Price Turnover
SAEF -8.3333 11.0 1,535,420.0
STC -6.1750 7,506.0 16,408,960.0
NGPL -5.8824 256.0 30,367,017.0
BNT -5.6746 9,990.0 8,460,960.0
SADBL -5.3398 195.0 19,175,092.0
Symbol % Change Last Price Turnover
NRIC 5.1020 1,339.0 581,317,178.0
NABIL 8.8632 1,130.0 383,441,401.0
SHIVM 3.3395 1,114.0 289,195,532.0
NTC -0.2747 1,089.0 282,738,130.0
NBL 0.0000 393.0 255,168,030.0