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punctuation symbol $, used to indicate a price in dollars.
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The $ character.
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Soon I was traveling abroad to sign contracts worth millions of dollars.
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Power purchase agreement for Upper Trishuli-1 to be signed in dollar terms | Nepal Energy Forum
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Such PPA will insulate the investors from fall in their projected IRR. In this context, government officials’ reluctance to sign PPA in dollar is a matter of grave concern for foreign investors, who are otherwise keen to invest in Nepal’s hydropower development. In fact, PPA can be signed in convertible currency or in local currency indexed to foreign currency. Foreign Investors prefer PPA in dollar as PPA in local currency indexed to foreign currency is complicated, in the sense that it may be difficult to agree to a common number for price escalation due to fluctuations in foreign risks. International financing usually goes to projects with a high level of predictability and which have proper risks mitigation structures built in. A major concern of international lenders again is Forex risk.
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The Nepal Electricity Authority says it will sign the power purchase agreement (PPA) with the promoter of 216-megawatt Upper Trishuli-1 Hydropower Project in US dollar terms. The Authority’s Managing Director Kul Man Ghising says the PPA will be signed with the promoter of Rasuwa-based project, Nepal Water and Energy Development Company Pvt Ltd.
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Investment is also low,” he added. A total of 74 projects have been established in Nepal until now and they have expressed commitment to provide jobs to 10,000. Foreign investors are attracted toward the sector as the government has prioritized the sector, simplified the process for acquiring license, ease bank finance and brought provision to sign power purchase agreement (PPA) in US dollar. The Investment Board, Nepal chaired by prime minister has been formed to bring in foreign investment.
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Nike vs Adidas In 1984, Michael Jordan who was a young rising superstar at the time signed a contract with Nike after Adidas failed to sign the rookie. As many sports experts predicted, the Air Jordan generated billions of dollars for Nike even after he retired while Adidas declined. This may not seem a mistake to some of you, but as someone who follows sports on a daily basis, this is the biggest mistake made by Adidas.
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“The Authority’s policy is that the PPA will be signed in the Nepali currency, but the share of foreign loans in projects with more than 100 megawatt capacity will be paid in the US dollars,” Ghising says, “The dollar-denominated PPA for Upper Trishuli-1 will be effective for maximum 10 years or the time equal to the period from commercial operation to the pay-back period, whichever is shorter.” The agreement will be signed after the company pays Rs 216 million for its performance guarantee, according to Ghising.
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Sep 10, 2017-The Asian Development Bank (ADB) has agreed to provide 152 million US dollars for the implementation of Power Transmission and Distribution Efficiency Enhancement Project. Of the total amount, 150 million USD is concessional OCR loan and two million USD is from Japan Fund for Poverty Reduction. An agreement to this effect was signed and exchanged at the Ministry of Finance on Sunday.
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