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Ratna Park earns highest on New Year’s Day

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KATHMANDU — Ratna Park, the Valley’s most iconic landmark, has made the highest trade per day in its history.

The Park earned Rs 103,000 on the Nepali New Year’s Day on Wednesday.

Ratna Park and Rani Pokhari Unit Chief, Hari Sharan KC, said a total of 3,602 commoners and 90 students visited the park on the day.

Huge number of visitors inside the park has been attributed to a new facelift and management the park received and the cost-free internet service.

The free internet facility was set up at the park on March 18.

“In the earlier days average earning of the park used to hover around Rs 25,000 per day,” KC said. The entrance fee to the park is fixed at Rs 25 per public and Rs 15 for students.

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NPC urges government to seek clarification from Chinese firm

Gorkha Post

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KATHMANDU — The National Planning Commission (NPC) has urged the government to seek clarification from China Three Gorges International Corporation (CTGC) over the construction of the Paschim (West) Seti Hydro Power Project.

The meeting of the NPC that began on Sunday, made the decision of seeking clarification from the company with a time period of 90 days regarding the construction of 750 MW hydropower project.

The hydropower project, which is expected to be completed in an investment of 1.60 billion rupees, will have 65 percent investments from the CTGC, 25 percent from the National Electricity Authority (NEA) and the 10 percent investments from the locals as share, as per the plans made before.

CTGC can sell off its 14 percent of its total 65 percent share to the Nepali investors. But the CTGC has been showing dissatisfaction over the rate of purchasing the electricity per unit (PPA). Previously it had asked the NEA to review the rate but got a negative response.

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“We have suggested the government to interrogate the company whether it will be able to complete the project or not. What has been the problem to expedite the construction along with the terms and conditions which the company wants to put forward,” NPC Vice President Swarnim Wagle said.

The CGTC, which has been delaying the construction over its dissatisfaction over the PPA, has been threatening to walk out of the construction.

The project, which covers the area of Doti, Dadeldhura, Baitadi, and Bajhang districts of Far Western Development Region of Nepal, can produce 3.33 billion units of electricity on yearly basis, accoridng to the probability study of the project.

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