header
                        banner
SOCIETY

Cabinet scraps decision to award Budhigandaki hydro project to Chinese company

KATHMANDU, Nov 13: The government on Monday rolled back from its earlier decision to award Budhigandaki Hydropower P...
By Republica

KATHMANDU, Nov 13: The government on Monday rolled back from its earlier decision to award Budhigandaki Hydropower Project to a Chinese company nearly after six months.


Deputy Prime Minister and Energy Minister Kamal Thapa has said that the agreement with the China Gezhouba Group Co Ltd (CGGC) has now been scrapped by the Monday’s cabinet meeting. “The decision was of irregularity and whimsical and has now been scrapped as per the recommendation by the parliamentary committees,” Thapa tweeted after the Monday’s meeting.


Related story

Govt moves to award Budhigandaki Project to Chinese firm


The Memorandum of Understanding (MoU, signed between Nepal government and Chinese company CGGC on awarding hydropower project of 1,200 MW received a wide criticism from academia and also the parliamentary committees.


A joint meeting of parliament’s Agriculture and Water Resources Committee and Finance Committee of Parliament had directed the government to scrap the decision on September 26 saying that the decision was made by breaching the existing regulations, Besides the company to which the project has been awarded hasa bad reputation.


Erstwhile Minister for Energy Janardan Sharma and Chinese Ambassador to Nepal Yu Hong had signed a Memorandum of Understanding (MoU) for project development in the presence of then Prime Minister Pushpa Kamal Dahal.

Related Stories
ECONOMY

Decision to award Budhigandaki to Chinese company...

1 min read
POLITICS

Govt nixes Budhigandaki Hydro award to China firm

1 min read
ECONOMY

AWRC starts discussion on decision to award Budhig...

1 min read
ECONOMY

Govt’ll build Budhigandaki on its own: Energy mini...

1 min read
ECONOMY

Govt decides to award Budhigandaki Project to Chin...

1 min read