Budhigandaki back in spotlight amid election buzz
Summary
The Budhigandaki hydropower project, Nepal's largest reservoir-type scheme, is garnering renewed attention amid election season with a signature campaign urging government action after financing modalities were finalized.
Key Points
- Budhigandaki hydropower project is Nepal's largest reservoir-type scheme with a capacity of 1,200 megawatts.
- The government approved the project's investment modality with an estimated total cost of Rs406 billion and an eight-year construction period.
- A signature campaign by locals and business chambers urges the government to commence construction after decades of delays.
- The project has faced geopolitical challenges involving Chinese firms and shifting government decisions impacting its progress.
