Kathmandu: Nepal Govt revokes license of Chinese state-owned company to construct 1200 MW hydel project. A meeting of Nepal’s Council of Ministers has decided to revoke the license issued to Chinese state-owned China Gezhouba Group Corporation (CGGC) for the development of the Budhi Gandaki Hydropower Project.
Minister for Communication and Information Technology and Government Spokesperson Gyanendra Bahadur Karki announced that decision by the earlier government to award the 1200 MW project has been revoked.
“Regarding the Budhi Gandaki Hydropower Project, meeting of Government of Nepal’s Council of Minister held on 2075-06-05 (September 22, 2018) decision would be now revoked,” Minister Karki announced.
Thursday’s meeting also decided to build a 1200 MW reservoir-based nation-pride project through national investment for which the modality for the project’s construction is being prepared by the Ministry of Energy, Water Resources and Irrigation.
