Stories By 'BIBEK SUBEDI'
Sinohydro Corporation, the Chinese hydropower engineering and construction company, is likely to be hired as the contractor to complete hydro and electromechanical works, which include construction of waterways and powerhouse, at the Tanahu Hydroelectric Project site.
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A high-level Chinese team, which is currently making a field study for the second phase of the Kathmandu Ring Road Improvement Project, is scheduled to present its report to the Nepal government within a month.
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The Investment Board Nepal (IBN) has started laying the groundwork to seal project investment agreement (PIA) with another Chinese cement manufacturer, which is planning to invest $140 million in the country.
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Investment Board Nepal (IBN) has asked the Energy Ministry for the implementation rights for the Betan Karnali and Bheri-1 hydropower projects as it has the sole authority to execute schemes with a capacity of 500 MW or more.
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The Chinese government has shown interest in funding the second phase of the Kathmandu Ring Road Improvement Project which includes upgradation of a 17-km stretch linking Kalanki, Chabahil and Koteshwor.
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The Supreme Court on Wednesday ordered the government to suspend the survey licence issued to TBI Holding for the Tamakoshi 3 Hydropower Project.
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