The New Land Acquisition Act 2076 (2019) is an ideal land acquisition model for a private hydropower company in Nepal. The previous Land Acquisition Act 2034 (1977) in Nepal did not include provisions for private-sector land acquisition. Land acquisition posed a significant challenge for private hydropower investors because they were not covered by the Act. …
A Hydropower Project’s Environmental Impact Assessment (EIA)
Corporate Lawyer Nepal is a one-of-a-kind multi-faceted law firm in Nepal. We work with a group of legal experts. We represent clients in court and provide consulting services related to hydropower EIA. 1. What is the Environmental Impact Assessment (EIA)? An environmental impact assessment (EIA) is a study of the prospective potential effect of a …
Development of Hydropower Projects in Nepal FAQs
1. What are the laws that govern hydropower project development in Nepal? The Electricity Act of 1992 It is primarily concerned with the licensing of power projects. Electricity Regulations 1993 Its primary objective is on the licensing of power projects. Electricity Regulatory Commission Act of 2017 It is concerned with the management of electricity production, …
Foreign Direct Investment in Hydropower
Foreign Direct Investment (FDI) is described as a cross-border investment made in a host country by a foreign firm. Nepal’s hydropower investment opportunities are strong. Nepal launched on a liberalization strategy in the early 1990s. The government enacted these policies in order to attract foreign investment into the country. On March 27, 2019, the Foreign …
Hydropower Project Development and Licensing Process In Nepal
River waters flowing downhill from a higher altitude provide potential energy or kinetic energy. This electricity energy and overall power is referred to as hydropower. Private companies in Nepal have been granted the right to generate hydropower. To obtain a license, the private sector must follow the steps outlined by the government. 1. What is …