KATHMANDU — The National Planning Commission (NPC) has urged the government to seek clarification from China Three Gorges International Corporation (CTGC) over the construction of the Paschim (West) Seti Hydro Power Project.
The meeting of the NPC that began on Sunday, made the decision of seeking clarification from the company with a time period of 90 days regarding the construction of 750 MW hydropower project.
The hydropower project, which is expected to be completed in an investment of 1.60 billion rupees, will have 65 percent investments from the CTGC, 25 percent from the National Electricity Authority (NEA) and the 10 percent investments from the locals as share, as per the plans made before.
CTGC can sell off its 14 percent of its total 65 percent share to the Nepali investors. But the CTGC has been showing dissatisfaction over the rate of purchasing the electricity per unit (PPA). Previously it had asked the NEA to review the rate but got a negative response.
“We have suggested the government to interrogate the company whether it will be able to complete the project or not. What has been the problem to expedite the construction along with the terms and conditions which the company wants to put forward,” NPC Vice President Swarnim Wagle said.
The CGTC, which has been delaying the construction over its dissatisfaction over the PPA, has been threatening to walk out of the construction.
The project, which covers the area of Doti, Dadeldhura, Baitadi, and Bajhang districts of Far Western Development Region of Nepal, can produce 3.33 billion units of electricity on yearly basis, accoridng to the probability study of the project.Follow @gorkhapost
Closed session of NC mahasamiti meeting kicks off
KATHMANDU- The closed session of the Nepali Congress mahasamiti meeting kicked off this morning.
In the closed session, General Secretary has presented the organizational report while Treasurer Sitadevi Yadav the account report, and Joint General Secretary Dr Prakash Sharan Mahat the economic proposal. The mahasamiti members are to discuss thoroughly on these three documents today.
NC Spokesperson Bishwo Prakash Sharma informed the National News Agency (RSS) that the party statute would be passed based on the views of the attending members.
However, the consensus is eluding on the draft amendment of the statute. After the central committee forges consensus, it would be presented before the mahasamiti meeting.
More than 1,700 representatives including members and observers are attending the mega meeting. The mega meeting of the party is to continue for two more days.Follow @gorkhapost