Khimti-1 Hydropower Project Share Ownership Transfer Process Resumes

Kathmandu. 5 years ago, 60 MW Khimti-1 Hydropower Project's half ownership should have come under the Nepal Electricity Authority. As per the electricity purchase agreement signed with the authority on January 1, 2052 BS, 50 percent shares of this project were supposed to come under the authority's ownership five years ago. However, after bringing this project under the government, the company to operate the project should have been established. The transfer of 50 percent shares of Khimti to the authority remained in uncertainty for five years. Both the government and the authority have failed in this. As per the agreement...