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Govt build Budhigandaki Hydro Project on its own : Energy Minister Pun

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KATHMANDU — The government is set to initiate a bidding process for the construction of Budhi Gandaki Hydropower Project from the coming fiscal 2018/19.

At a programme organized at the Ministry on Tuesday, Minister for Energy, Water Resources and Irrigation Barsha Man Pun has said that the government will build the 1200 MW Budhigandaki Hydropower Project on its own and the tender process for the project will begin from next fiscal year.

“Necessary preparations are being made in a way to initiate the project construction process in the coming fiscal year,” Minister Pun said.

Budhigandaki is currently the only ready-to-implement reservoir-based hydropower project. The project’s Detailed Project Report (DPR) and tender documents are ready, according to officials.

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The erstwhile government had decided to construct the project with the capacity of 1,200 MW with Nepali investment. The Nepali Congress-led government had also decided to provide grant of Rs 100 billion to the project to make it investment worthy. Total estimated investment of the project is Rs 273 billion.

On the occasion, Minister Pun expressed commitment that he would not make any decision to award the contract for the project construction to any foreign company or agency. The government has put the project in the list of national pride.

Minister Pun informed that the government is currently exploring the sources of financing. The project’s estimated cost is Rs 259 billion.

With RSS Inputs

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Nepal, Bangladesh sign MoU on energy cooperation

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KATHMANDU — Nepal and Bangladesh have signed a memorandum of understanding for power sector cooperation for intensifying the bilateral engagements for power sector development.

Minister of Energy, Water Resources and Irrigation Barsha Man Pun and his Bangladeshi counterpart Minister of Power, Energy and Mineral Resources Nasrul Hamid have signed the agreement amid a function here in Kathmandu on Friday.

Nepal has identified Bangladesh as a prospective market for hydroelectricity, which is a clean and renewable source of energy.

Nepal then had started talking with Bangladesh on bilateral energy cooperation since the power trade agreement (PTA) was signed with India in 2014.

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Nepal and Bangladesh, after the ‘SAARC Framework Agreement for Energy Cooperation (Electricity)’ among the SAARC member states in November 2014, have seen the prospects of bilateral power cooperation.

But, to execute power trade and power cooperation between the two nations, Nepal and Bangladesh need to hold talks with India as there is power trade between Nepal and India, and also Bangladesh and India.

Bangladesh will require around 34,000 megawatts of power by 2030 to sustain the high economic growth of above seven per cent.

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