Tag: BudhiGandaki

Dahal lauds govt decision to re-award Budhi Ganadaki permit to Chinese firm

Kathmandu, September Former Prime Minister Pushpa Kamal Dahal ‘Prachanda’ has lauded the government’s decision to re-award the development contract of the 1200 MW Budhi Gandaki project to a Chinese firm. Dahal’s comment comes days after a Cabinet meeting directed the Ministry of Energy to revive the conversation with China Gezhouba Group to re-award the contract, […]

Nepal prepares to give back Budhigandaki Hydropower Project to China Gezhouba

Kathmandu, September 23 Yet in another controversial decision about an ambitious project, the government of Nepal has initiated a process to assign China Gezhouba Group Company for the construction of 1,200 megawatt Budhigandaki Hydropower Project. A Cabinet meeting held on Friday night directed the Ministry of Energy to revive the conversation with the company in […]

After cancelling Chinese firm’s permit, Nepal prepares to issue global tender for key hydro project

Kathmandu, May 8 Nepal’s government is preparing to issue a ‘global tender’ to seek proposals from qualified companies to construct the 1,200 MW Budhigandaki hydro project which was to be built by a Chinese company under Beijing’s OBOR scheme. The news comes five months after the government cancelled an agreement with China’s¬†Gezhouba Group, which was […]

Energy Minister says he will promote Nepalis’ investment in hydropower

Kathmandu, April 1 Minister for Energy, Water Resources and Irrigation Barsha Man Pun says he will promote investment of Nepali citizens in hydropower projects. Informing that his predecessors including Top Bahadur Rayamajhi and Janardan Sharma of his own party and Bishnu Paudel of CPN-UML have created foundations to let Nepalis invest in the industry, Pun […]

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 […]