AGP Executive Report
Last update: 6 hours agoEnergy Security Deal: India and Mauritius signed a five-year agreement where Indian Oil Corporation will supply Mauritius’ full import needs of petrol, diesel and aviation turbine fuel, alongside oil-and-gas cooperation and biofuels. Power Distribution Focus: Nepal’s Energy Minister Biraj Bhakta Shrestha ordered Koshi Province’s electricity system to be made more reliable and complaint-handling faster, stressing higher consumption alongside better supply. Climate Risk Planning: Shrestha urged agencies to prepare for an exceptionally strong El Niño, warning it could hit hydropower, irrigation and food security from October to February. Hydropower/Water Infrastructure: India’s Finance Minister Nirmala Sitharaman directed early completion of the Kosi high-level dam DPR and pushed funding and approvals for the Kosi-Mechi link phases. Textile Restart in Nepal: Hetauda Textile Industry is set to run at full capacity again, with 20 looms already operating and the rest to be repaired gradually, using domestic cotton priority. Aviation Upgrade: Japan will fund a new air traffic control tower at Tribhuvan International Airport to modernize Nepal’s air safety systems. Market Watch: Nepal’s NEPSE fell over the week, but turnover rose sharply, with hydropower and manufacturing stocks driving liquidity. Telecom Policy: Nepal plans to revise telecom license renewal fees, shifting from lump-sum pressure to a percentage of annual income, aiming to make broadband cheaper and faster. Waste Management Coordination: Kathmandu Valley local governments agreed to prepare action plans for waste management, with federal support for long-term solutions. Agriculture Update: About 98% of paddy sowing is completed nationwide, with improved monsoon conditions lifting expectations for production.
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