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Chameliya Hydro project gains momentum following Energy Minister’s instruction



BAITADI — The tunnel construction of the 30 – megawatt Chameliya Hydro Power Project at Balanch village of Shikhar VDC in Darchula has been completed.

The project construction work, which had slowed down, gained momentum following an instruction from Minister of Energy, Janardan Sharma.

Minister Sharma on February 11 had made an onsite visit to the construction site of the project and issued the directive for its completion at the earliest.

Of the total of 4.6 km tunnel, the construction of 843 meters had been too narrow. This prompted the project management to expand the narrow stretch of the tunnel and the work was done along 611 meters.

The work to expand the remaining 232 meters of the narrow stretch started on September 28, 2016 and completed only just yesterday, according to Project Chief, Ajay Dahal.

The Project aims to complete the test production by September this year and start generating power by December.

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Century Commercial Bank begins joint operation



Centuary Bank joint operation inuguration

KATHMANDU — After acquiring ‘B’ class Alpine Development Bank Limited and ‘C’ class Seti Finance Limited, Century Commercial Bank Limited has started its joint operation from Monday.

Joint operation of the bank was inaugurated by Chiranjibi Nepal, governor of Nepal Rastra Bank (NRB), according to a statement issued by the bank.

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The bank has acquired these two financial institutions to expand its capital to Rs 8 billion. The bank now had 85 branches across the country, which would soon be expanded to 100.

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