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Tag: BudhiGandaki

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 […]

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 […]