Nepal revives dealwith Chinese firm for 1.2 GW Budhi Gandaki HEP

Nepal has revived a deal with China’s state-owned firm Gezhouba Group Corporation, to construct the 1.2 GW Budhi Gandaki Hydropower Project in the country at an approximate cost of $2.5 billion. The project had earlier been scrapped by the previous government. Following the new government’s decision, Nepal’s energy ministry will now invite the Chinese company to prepare a draft of the MoU. Reportedly, the project will be executed under the EPC and financing  model. Over 8,000 households are expected to be affected by the project’s construction; however, the power generated will help the country bridge its current demand-supply gap.

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