Chinese company gets Budhigandaki hydel project
Kathmandu, September 23 – Nearly a year after the Sher Bahadur Deuba led government scrapped the contract with China Gezhouba Group Company Ltd for the construction of the 1,200-megawatt Budhigandaki hydropower project, a national pride project, a Cabinet meeting on Friday decided to award the contract for the project to CGGCL again. The Deuba-led government had rescinded the contract with CGGCL on November 13, stating that the bidding process was not competitive and the deal lacked transparency and flouted the Public Procurement Act requirements. Earlier, the Pushpa Kamal Dahal-led government had awarded the contract to construct the Budhigandaki project to CGGCL on May 15, 2017, nine days before he was to resign from the PM’s post. Speaking at a press briefing today, Minister of Energy, Water Resources and Irrigation, Barshaman Pun, said the Cabinet meeting had granted the contract to build the project worth Rs 300 billion to CGGCL. However, the Dahal-led government had awarded the contract to CGGCL to build the project at a cost of Rs 260 billion as per a study carried out by a French company, Tractebel Engineering. In a recent development, CGGCL had submitted a proposal and a new memorandum of understanding to build the project to the Office of the Prime Minister and Council of Ministers on July 15. “The Chinese firm has proposed to construct Budhigandaki under the engineering procurement construction and...
Read More