KATHMANDU, JULY 12
Since the government has been unable to draft the necessary documents to take 50 per cent ownership of Khimti Hydropower Project, the fate of the 60-megawatt project has landed in uncertainty.
As per the project development agreement inked on January 15, 1996, Nepal Electricity Authority (NEA) had to take 50 per cent ownership of the project by July 11 this year.
Citing the problems posed by the outbreak of the coronavirus pandemic, both NEA and the Ministry of Energy, Water Resources and Irrigation (MoEWRI) have not made any preparations to ink a new agreement.
As per the project development agreement, from July 12 this year all procedures related to acquire 50 per cent ownership should have been completed by the power utility and the project should have been operating through a joint venture.
Prabin Aryal, joint secretary at MoEWRI, said that the government is preparing to introduce interim arrangements to manage and operate the Khimti Hydropower Project and that