Tag: BudhiGandaki

Nepal scraps hydro licenses of Indian companies ‘occupying’ 750 MW projects

  Kathmandu, March 12 Nepal’s Energy Ministry has canceled permits issued to Indian power developers who had been ‘occupying’ projects with a total potential of over 750 MW. According to official figures, the government recently scrapped licenses issued to three power developers financed by Indian companies. The projects whose licenses have been canceled are: 130 […]

Proposal to construct Budhigandaki put on hold ‘to please Oli’

Kathmandu, February 28 It has been more than 20 days since a Cabinet meeting chaired by then Prime Minister Sher Bahadur Deuba endorsed a report on the modality of domestic investment for the construction of ambitious Budhigandaki Hydropower Project. However, the file has not been sent to the concerned ministry yet. Sources say Chief Secretary […]

Will revive Budhigandaki project: Oli tells Chinese media

Kathmandu, February 20 New Prime Minister KP Sharma Oli says he will revive the Budhigandaki Hydropower Project which has been uncertain after that previous Sher Bahadur Deuba-led government cancelled its contract signed with a Chinese company. In an interview with South China Morning Post, which the newspaper claims to be Oli’s first talk with media […]

Dhading, Gorkha CDOs refuse to distribute compensation to Budhigandaki affected

Kathmandu, January 30 Chief district officers of Dhading and Gorkha districts have refused to take the responsibility of distributing compensation to locals, whose land has been acquired by the Budhigandaki Hydropower Project, for the land. Therefore, the distribution process has failed to begin though the government had published a notice for the locals to claim […]

Government prepares domestic investment model for Budhigandaki

Kathmandu, December 18 A government panel has finalised the model of domestic investment to construct the 1,200-megawatt Budhigandaki Hydropower Project. The panel suggests various forms of tax on all forms of petroleum products, annual budgetary investment of the government and funds from other national financial institutions can generate money sufficient for the project. These financial […]

Nepal decides to award ‘key OBOR’ Budhigandaki hydro contract to state electricity utility

  Kathmandu, November 24 A few days after the government decided to cancel its deal with a Chinese firm to develop the 1,200 MW Budhigandaki hydro project, the Cabinet has decided to handover the project to the state-run power utility Nepal Electricity Authority. Following a meeting of the Cabinet on Friday, Energy Minister Kamal Thapa […]