In a landmark decision, the Government of Nepal has decided to construct a 1200 MW major Budhi Gandaki Hydropower project, which it terms as a ‘national-pride’ project, utilizing its own technology and resources.
The government took this decision at a cabinet meeting in Kathmandu on November 24, 2017.
Post the cabinet meeting, the Deputy Prime Minister and Energy Minister Kamal Thapa tweeted about this infrastructure project saying, “this national-pride project would be constructed with domestic investment and technology”.
This decision by the government is coming after a recent cabinet decision to scrap a deal signed with the Chinese company, Gezhouba Water & Power (Group) Co Ltd, for the construction of the same project.
A MoU for this contract signed in June 2017, however, could not move ahead due to allegations over violation of laws during the signing of the deal.
The Nepal Fire Expedition, on November 26, 2017, rolled out a crowd funding campaign that has…Read more