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Htin Kyaw elected as Myanmar’s first civilian leader

Gorkha Post

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Htin Kyaw, a close ally of Aung San Suu Kyi, has been elected Myanmar’s first civilian leader in decades after a parliamentary ballot.

A respected writer and longtime close friend of Ms Suu Kyi, Htin Kyaw is virtually guaranteed to sweep the board, with both legislative houses dominated by the Nobel laureate’s National League for Democracy thanks to its election landslide in November.

Ms Suu Kyi was the first to cast her vote.

Myanmar is in the grip of a stunning transformation from an isolated and repressed pariah state to a rapidly opening aspiring democracy.

The military remains a powerful force in the South-East Asian nation and has refused to change a clause in the junta-era constitution that bars Ms Suu Kyi from top political office.

The veteran activist has instead vowed to rule “above” the next leader.

Her choice of Htin Kyaw to act in her place is seen as a testament to her absolute faith in his loyalty.

AFP

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Economy

Govt decides to award Budhi Gandaki Hydel project to Chinese firm again

Gorkha Post

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KATHMANDU — The government has decided to award contract for the construction of the 1,200-megawatt Budhigandaki hydropower project, a national pride project, to China Gezhouba Group Corporation (CGGC) once again.

A Cabinet meeting on Friday has decided to award the contract for the project to CGGCL reverting the erstwhile Sher Bahadur Deuba government’s decision to develop the 1200MW project with internal resources.

The Cabinet meeting has directed the Energy Ministry to initiate the process to award the project to the Chinese company.

Following the government decision, the Energy Ministry will now invite the Chinese company for talks and prepare a draft of the memorandum of understanding (MoU) before signing it, according to multiple sources at the ministry.

As per the Cabinet decision, the ministry has been asked to hold talks with the Gezhouba, prepare a proposal, and strike a deal to execute the $2.5 billion reservoir project.

Earlier on May 15, 2017, the Pushpa Kamal Dahal-led government had awarded the contract to construct the Budhigandaki project to CGGCL, juat nine days before he was to resign from the PM’s post.

The Dahal-led government had awarded the contract to CGGCL at a cost of Rs 260 billion as per a study carried out by a French company, Tractebel Engineering.

The agreement, however, invited controversy as the project was handed to the Chinese company without initiating a competitive bidding process.

The Budhi Gandaki hydel project has been touted as a key project to resolve the perennial power crisis in the country. The government has allocated Rs18 billion for compensation payments and operational expenses for this fiscal year.

The Gorkha and Dhading district administration offices are currently distributing compensation to owners of the land taken over by the project.

More than 8,000 households will be affected by the project, according to the latest report.

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