Nepal Rastra Bank Governor Deependra Bahadur Kshetry has said that private sector banks in Nepal are not equipped with adequate capital to fund big hydropower projects.

The second largest hydro-power project of the country, 70 MW Mid-Marshyangdi has started production in its full capacity during peak hours since last week.

The hydel project is producing 70 to 75 MW electricity for about two to three hours each in mornings and evenings daily by operating both its turbines, reports say.

Making hay: Taxi drivers in Rawalpindi are charging exorbitant fares from commuters. The shortage of natural gas is good business opportunity for them. The Sui Northern Gas Pipeline Ltd, Pakistan

A three day long workshop on efficient energy management and renewable energy begins today at the Dhaka Sheraton Hotel.

The USAID and UNDP jointly organised the workshop.

Special Assistant to the chief adviser Dr M Tamim will attend the inaugural function as chief guest while secretary of Power Division Dr M Fouzul Kabir Khan as special guest.

While the world is talking about scope of biofuel in combating soaring oil prices, a youth of Palpa district ran a motorcycle using oil he refined from pine resin as fuel on Sunday.
Keshav Karki, a resident of Jarepipal, collected resin produced by pine trees and refined into oil through steam distillation.

Here is good news for automobile dealers and riders. Nepal Oil Corporation (NOC) is planning to introduce high-octane petrol in the market soon, which will give better mileage and ensure engine longevity compared to the existing gasoline.

Nepal Oil Corporation (NOC) today said that it would be working jointly with its supplier Indian Oil Corporation (IOC) in a project to produce an ethanol-petrol mix.

The government is due to implement a new policy in the supply of the petroleum products after Tihar.
According to the policy, the price of the petroleum product will increase with the increase in the international market and vice versa.

The Nepal Oil Corporation (NOC) said Thursday that it has managed to improve petrol availability, but has slashed the supply of diesel and kerosene -- the two major loss making items -- augmenting their shortage in the market.
The corporation is presently pumping out about 110,000 liters of diesel a day in the Kathmandu Valley, shows NOC records. This is just about 40 percent of what used to be consumed here during normal times.