Sunday, April 24, 2011

Sinohydro seeks compensation for Nepal project

Hydropower contractor seeks compensation, April 22, 2011

Sino Hydropower Company, contractor of Kulekhani Hydropower Project III,
has demanded compensation from the Nepal Electricity Authority (NEA)
citing losses due to delay in the works at the project following
obstacles from the locals and workers.

The company has also demanded extension of the project duration by one
more year as works of the project can't be completed within the
projected period.

The contractor has demanded compensation at a time when not even half of
the works at the 14-MW project has been completed.

The cost of the project is projected at Rs. 2.43 billion which should be
completed with in 44 months from the start of the project as per the

Of the total investment, NEA will bear 75 percent of the cost while the
remaining investment is from the government.

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