Latest · Sunday, 25 October 2026

Twelve firms apply for power-trade letters of intent, but the law must change first

Twelve companies have applied to trade power across Nepal's borders, The Kathmandu Post reported on Saturday, but trading waits on an Electricity Act amendment now with the law ministry. The Post also reported a 57.2 percent fall in recruitment for Saudi Arabia.

• Twelve companies have applied for government letters of intent to trade electricity across Nepal's borders, The Kathmandu Post reported, but none can trade until the Electricity Act is amended.
• The energy ministry has sent the amending bill to the Ministry of Law, and the Cabinet still has to endorse it, the Post said.
• New recruitment of workers for Saudi Arabia fell 57.2 percent between mid-March and mid-September from a year earlier, the Post reported from Department of Foreign Employment figures.