KATHMANDU, Aug 16: China Gezhouba Group Corporation (CGGC) has expressed willingness to develop Budhigandaki Hydropower Project (1200 MW).
The project is expected to be the turning point for the country's development, the Chinese company said in a press statement on Monday. "We have ample examples of projects executed from our technical and financial capacity in China and across the world," the company said, adding that it was confident that the government and the people of Nepal will provide it the needful support to translate the people's aspiration for economic development into action.
CGGC has also said that it has completed 96 percent of the civil works of the Chameliya Hydropower Project (30 MW).
Chameliya's project cost has escalated due to tunnel squeeze caused by mud slide. “Lingering in release of payment that accrued for additional human resource and equipment delayed the completion of the project,” the company said, adding that the remaining works of the projects will be completed at the earliest once the dispute is settled.
CGGC has also owned EPC (Engineering, Procurement and Construction) construction contract of the 60-MW Upper Trishuli-3A project from international bidding, according to the statement. "Around 65 percent of the work of the Trishuli-3A project has been completed so far. However, work has been stalled since the devastating earthquake of last year as the access road has been damaged."