Hydropower
Dams, power trade and the grid.
The long view Nepal's hydropower, from load-shedding to exports

Huawei tells Nepal's internet providers to sell AI computing, not just bandwidth
At a gathering for internet service providers in Kathmandu, the Chinese telecoms giant pitched GPU rental, AI models and home security services as the next source of revenue, and pointed to Nepal's electricity costs as an advantage.

Nepal GDP grew 4% in Q4 2025/26, but Bhote Koshi floods cloud 2026/27
Electricity led growth in the last quarter of 2025/26. The Bhote Koshi floods have since disrupted power output, a border crossing and the state's budget.

Nepal's nominees for India and China pitch an economic agenda to lawmakers
At their parliamentary hearings, Pandey and Sharma put investment, power trade, tourism and transit at the centre of their plans. Investors should weigh what was promised and what remains open.

Budhi Gandaki flood: disaster chief credits SMS alerts as hydropower sites are hit
No deaths were confirmed after a flash flood tore through Gorkha on 11 October 2026, and officials credit text warnings. But bridges, river gauges and two hydropower sites were lost, and the cause is still unclear.

NEPSE inches up 0.18% as SEBON cuts promoter share-sale notice to five trading days
Turnover fell 18% in the week to 9 October, and only banks gained ground. Now founding shareholders can sell up to 15% of their stakes without warning. Here is what that means for promoters and retail investors.

Rs 122.8bn of share, bond and fund issues wait at SEBON, some since 2023
Nepal's securities regulator holds 153 applications to sell shares, bonds and fund units. Steel and cement makers want premium prices, and a bank with thinning capital wants Rs 7.46bn from its shareholders.

Hydropower developers push back on SEBON's draft IPO rules as 34 power issues wait in line
Power producers say a proposed net-worth test and an operating-history requirement could shut most hydropower projects out of the public market, which they rely on for construction money.

World Bank and ADB cut Nepal's growth forecasts as the Rasuwa flood hits industry
The World Bank now expects growth of 3.7% this fiscal year and the ADB 4.1%. Both say reconstruction will lift output later, at the cost of higher prices and a wider deficit.

16,400MW of hydropower waits for a buyer as Nepal moves to cancel idle licences
The state utility has not committed to buy power from 281 projects. A government panel wants 38 stalled schemes cancelled, and only projects of up to 10MW are being offered quick contracts.

Over a third of Nepal's 960MW solar tender has yet to break ground
Developers bid as low as Rs 4.99 a unit when the dollar cost Rs 135. With the dollar near Rs 154 and a licensing dispute over land, 346MW of projects is stuck.

A 400kV line begun in 2013 is about to be charged as ADB lines up private grid builders
The Hetauda-Dhalkebar link should raise east-west transfer capacity from about 300MW to 2,000MW. ADB will help the NEA tender a second 400kV line and battery storage to private investors.

Nepal's power utility lifted sales by 18%, but currency losses cut its profit by 59%
The Nepal Electricity Authority's pre-tax profit fell to about Rs 5bn in 2025/26 as currency losses on its obligations nearly quadrupled, even though sales rose 18%.

Non-life insurers' profits fell 39% before the Bhotekoshi flood brought Rs 25.9bn in claims
Nepal's general insurers ended 2025/26 with sharply lower earnings. Then the August flood produced claims larger than a year's premiums at the most exposed firms.

Nepal clears two hydropower projects and targets 2028 for Arun-3
The Investment Board approved Rs 21.17bn (about $137m) of semi-reservoir schemes and pressed the two 900 MW giants to move, but approvals have rarely been Nepal's problem.

The electricity VAT has become the test of the government's tax resolve
Business wants the levy scrapped. Two ministries disagree in public about whether it will be. Behind the row lies a budget that needs revenue it is struggling to defend.

Nepal approves billions in foreign investment each year, but less than a third has ever arrived
Approvals fell for a second year in 2025/26 while actual inflows more than doubled, yet central bank data covering three decades show that most of the capital Nepal approves never crosses the border.

Nepal's Rs 2.12 trillion budget explained: the spending record it must beat, and a flood it did not plan for
Nepal's largest budget bets on tax reform and 7% growth, but the state spent less than half its capital allocation last year, and a Rs 559bn flood reconstruction plan now sits on top.

Ten shares and a lottery: why Nepal's IPOs are oversubscribed many times over
Millions of Nepalis apply for every new issue, most leave with nothing, and the system shapes how the whole market behaves.

How Nepal's stock market works: NEPSE, Meroshare and the 8m-account investor base
A plain-English guide to a small, retail-driven exchange: who can invest, how Meroshare and brokers work, what this year's tax and trading-rule changes mean, and why banks and hydropower dominate.

Nepal opens its grid to private power traders, at a price they call too high
The regulator's first wheeling charge ends the state utility's monopoly on paper. India's rules and the economics of trading may keep it alive in practice.

Nepal's power exports hit a record, then the flood tested the surplus
Electricity sales to India and Bangladesh earned Rs 29.3bn (about $189m) last year. The August flood has shown how thin the margin behind that number is.

The Rasuwa flood that switched off a tenth of Nepal's power
A surge from Tibet wrecked hydropower plants, cut the main China trade route and cost Nepal a growth forecast.

Akshay Golyan takes the chair at one of Nepal's biggest exporters
The 37-year-old heir now runs a group behind close to a tenth of Nepal's exports, a freshly listed yarn maker priced at 141 times earnings and a 700 MW hydropower ambition.

Nepal halved its tax on share profits months after raising it, and the harder reforms are still ahead
A 21-point plan to revive NEPSE has cut capital gains tax to 3.75% and 5%. Margin trading, a new index and access for Nepalis abroad depend on deadlines that start this month.