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Tag: Budhigandaki Hydroelectric Project

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 […]

From the Kathmandu Press: Thursday, November 16, 2017

Major Nepali and English broadsheet newspapers published from Kathmandu on Thursday have prioritised a host of issues including those related to upcoming provincial and federal parliamentary elections. The government’s recent decision to cancel the agreement signed with a Chinese company for the construction of Budhigandaki Hydropower Project has also received a lot of attention. The […]

Cancelling Budhigandaki contract was government’s mistake: Dahal

Chitwan, November 15 CPN-Maoist Chairman Pushpa Kamal Dahal says the government’s recent decision to scrap the agreement signed with a Chinese company to construct the ambitious Budhigandaki Hydropower Project was a mistake. He says the project would open a door to progress and prosperity if it was implemented as planned. Dahal, who had led the […]

Oli smells rat in Budhigandaki agreement cancellation, warns of revoking decision after polls

Kathmandu, November 14 CPN-UML Chairman KP Sharma Oli says the government decided to scrap the agreement signed with China’s Gezhouba Group for the construction of Budhigandaki Hydropower Project after the Chinese firm denied giving it ‘sufficient donation’. Claiming that the government has shown a fascist attitude, Oli warns that the next government to be formed after […]

Will unveil new plan for Budhigandaki soon: Kamal Thapa

Kathmandu, November 14 Deputy Prime Minister and Minister for Energy Kamal Thapa says the government will soon unveil a new plan to construct the ambitious Budhigandaki Hydropower Project. The government on Monday had scrapped an agreement signed by the previous Pushpa Kamal Dahal-led government with China’s Gezhouba Group claiming the deal involved a number of irregularities […]

Government scraps controversial Budhigandaki agreement with Chinese company

Kathmandu, November 13 The government on Monday decided to scrap the controversial agreement signed with the Chinese company, Gezhouba Group, for the construction of Budhigandaki Hydroelectric Project. A Cabinet meeting held this morning made the decision, informs Deputy Prime Minister and Minister for Energy Kamal Thapa. Thapa says the agreement, signed “irregularly and imprudently”, was scrapped owing […]