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NEPSE surges 28 62 points, daily turnover rises to Rs 4 08 billion

NEPSE surges 28 62 points, daily turnover rises to Rs 4 08 billion
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Nepse bounces back 32 30 points, while daily turnover escalates to Rs 1 47 billion on Thursday

Conflict of interest: Govt inducts hydro company owner into NEA governing body

Kathmandu, December 18 Creating a conflict of interest, the government has appointed Kapil Acharya, a private hydropower company owner, as a member of the Nepal Electricity Authority board of directors that regulates the country’s energy sector. Acharya was a member of the board of directors of Himalaya Urja Bikas Company Limited until 13 days ago. It has been learned that he resigned from the position so as to get the NEA appointment. His company has obtained a licence from the authority to develop the 12-megawatt Upallo Khimti Hydropower Project. In addition, he is also associated with Shine Technocrats Limited and Professional Engineers Builders. These companies have worked as consultants in various energy projects.

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