Stories By 'BIBEK SUBEDI'
The Kulekhani III Hydropower Project has been in construction since 2008, and does not look like meeting its completion deadline even after four extensions as the contractors are working in slow motion claiming delays in payment by the Nepal Electricity Authority (NEA).
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The Nepal Electricity Authority has told China Three Gorges Corporation (CTGC), its joint venture partner on the West Seti Hydroelectric Project, that it does not need a guarantor to borrow money to implement the scheme.
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Indian companies constructing hydropower projects in Nepal have complained about the delay in issuing permission to clear forest land at a meeting of the Nepal-India Oversight Mechanism held on Wednesday.
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The Office of the Auditor General (OAG) has become the first state agency to flag the taxman’s incompetency in collecting tax amount due from the sale of Ncell, saying that concerned government authorities failed to determine the capital gains tax worth billions of rupees on the largest corporate buyout deal in the country’s history.
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Shekhar Golchha, executive director of Golchha Organisation, has been elected as the new senior vice-president of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) garnering 63.3 percent of the total votes cast.
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China Three Gorges Corporation (CTGC), the developer of the West Seti Hydropower Project, has asked its joint venture partner Nepal Electricity Authority (NEA) to clarify several issues before it ratifies the agreement signed between the two.
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