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The Nepal Stock Exchange (NEPSE) gained 47. 15 points to close at 2,211. 76 points on Monday. Similarly, the sensitive index surged by 8. 68 point to close at 419. 91 points A total of 14,676,206 unit shares of 257 companies were traded for Rs 5. 31 billion. Meanwhile, Barun Hydropower Co. Ltd, Khanikhola Hydropower Co. Ltd, Chhyangdi Hydropower Ltd, Joshi Hydropower Development Company Ltd and Himalaya Urja Bikas Company Ltd were the top gainers today, with their price surging by 10. 00 percent. Likewise, Swabhimaan Laghubitta Bittiya Sanstha Limited was the top loser as its price fell by 3. 57 percent. At the end of the day, total market capitalization stood at Rs 3. 19 trillion.

Bangladesh’s state Minister for Power, Energy, and Mineral Resources Nasrul Hamid has sought “visible Indian cooperation” for importing hydropower from Nepal and Bhutan.

According to The Daily Star, he made such a request in talks with Indian officials in New Delhi this week. Nasrul talked about the growth of Bangladesh’s power sector and said the demand for electricity is increasing continuously in the country. “If electricity can be imported from Assam, uninterrupted supply to northern Bangladesh can be ensured,” he said. In response, the Indian side assured to cooperate to operationalize Nepal-Bangladesh energy trade. 

In an Interview with ApEx, Ambassador of Bangladesh to Nepal, Salahuddin Noman Chowdhury said that Energy cooperation is a very prospective area between two countries. He said: Bangladesh is energy hungry while Nepal will soon become energy surplus. That is a perfect scenario for complementing each other’s needs.”  We are also engaged in discussions on Bangladesh’s possible investment in hydropower projects in Nepal, he added. 

Also in the area of water sector cooperation, we are willing to work together for a basin-wide management of our water resources for mitigation of floods, augmentation of flow in lean season, and exploiting potentials for generation of hydropower, the Ambassador said. 

But, the prospect of Nepal exporting 50MW of electricity to Bangladesh through the Indian transmission link may not happen soon. The Indian side has recently told Nepali officials that electricity export from Nepal to Bangladesh through the Baharampur-Bheramara cross-border power transmission line is not immediately possible.

In August this year, Nepal and Bangladesh decided to request India to allow the export of 40-50 MW of electricity from Nepal to Bangladesh in the initial phase by utilizing the Baharampur-Bheramara cross-border power transmission line.

The price of gold has increased by Rs 600 per tola in the domestic market on Monday. According to the Federation of Nepal Gold and Silver Dealers’ Association, the precious yellow metal is being traded at Rs 103, 900 per tola today. The gold was traded at Rs 103, 300 per tola on Sunday. Meanwhile, tejabi gold is being traded at Rs 103, 400 per tola. Similarly, the price of silver has increased by Rs 10 and is being traded at Rs 1,390 per tola today.