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Budhi Gandaki hydro project plunges into uncertainty

The long-held plan to expedite construction of $2. 5-billion Budhi Gandaki Hyower Project is unlikely to materialise anytime soon, as the government has scrapped an agreement signed with a Chinese company hired to build the 1,200-megawatt project, The Kathmandu Post reported.A Cabinet meeting held on Monday revoked the deal sealed with the Chinese company as per the “instructions issued by parliamentary committees”, Deputy Prime Minister and Energy Minister Kamal Thapa said via Twitter.He tweeted saying the agreement was signed “illegally and haphazardly”. The government, however, has not come up with a new plan to build the project touted as key to making Nepal self-sufficient in electricity generation.

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