Connect with us

Trump congratulates Oli

Gorkha Post

Published

on

KATHMANDU — President of the United States, Donald J Trump has congratulated KP Sharma Oli for being elected as the Prime Minister of Nepal

Mr Trump sent a congratulatory message to Prime Minister Oli on his election to the top post of the country and said the United States stands ready to advance the fruitful partnership between the two nations.

Mr Trump also congratulated Oli for the historic completion of local, provincial and national elections as testament to the country’s allegiance to inclusive democratic governance.

“Nepal’s historic completion of local, provincial, and national elections is a testament to your country’s allegiance to inclusive democratic governance” said President Trump in his message to Oli.

The President, in his message to the newly elected Prime Minister, has expressed his readiness to advance the partnership between the two nations and to support the goals of promoting stability, good governance and sustainable economic growth, a press release issued by Ministry of Foreign Affairs reads.

The President, on behalf of all Americans, said, “We look forward to supporting your goals of promoting stability and good governance, combatting corruption, and improving the business environment to promote sustainable economic growth and job creation. I wish you a prosperous and productive time in office.”

Continue Reading

Economy

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

Gorkha Post

Published

on

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.

Continue Reading

TOP PICKS