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Nuwakot Festival concludes, Rs 20 million transaction during festival

Gorkha Post

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NUWAKOT — The fifth Nuwakot festival organised recently here with the slogan of ‘Prosperous Nuwakot: Our Resolution’, has made the transaction of Rs 20 million.

The 12-day festival was organized by Nuwakot Chamber of Commerce at Bidur. Chamber has informed that the festival made the transaction of Rs 20 million and was visited by 100,000 people.

During the concluding session of the festival on Sunday, Nepali Congress central member and lawmaker Bahadur Singh Lama hoped the festival would propel the economic and commercial activities in the district. They also said such festival could promote religious and cultural tourism.

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Chief of the District Coordination Committee, Santa Man Tamang, said a means of economic prosperity could be sought through the festival.

Chamber Chairman Tara Bahadur Karki said the festival was organized to promote the local products. According to him, handicrafts and agricultural products were sold much in the festival.

Artists from different sectors had also made their performances.

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Economy

Nepal, China sign sign power grid agreement

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BEIJING — Nepal Electricity Authority and State Grid Corporation of China have signed an agreement on feasibility study of Nepal-China Cross-border Power Grid Interconnection Project on Wednesday.

As per agreement, the two parties would conduct the feasibility study of 400kV Kerung-Rasuwagadhi-Galchhi-Ratamate transmission line.

The Chinese side will perform the lead role in the preparation of the DPR as requested by the NEA. And, a joint technical committee comprising representatives from both parties would prepare the DPR.

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It will hire a consultant to conduct the study and submit a report.

The transmission line will extend from Ratamate in Nepal to Shigatse in China. Only 80km out of the estimated 800-km transmission line lies inside the Nepali territory.

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