Tender to be invited for 396 MWs

Tender to be invited for 396 MWs
PR, 19-Aug-2007

Nepal Electricity Authority (NEA) will invite tenders for three projects totaling 396 MWs in the ongoing fiscal year, NEA's Managing Director Arjun Kumar Karki said on Sunday.

"Power generation projects need to swiftly move ahead to address the existing power crisis. In this context, NEA has already started construction of the 30 megawatt Chameliagadh and the 14 megawatt Kulekhani third projects. In the ongoing fiscal year, we will invite tenders for the 27 megawatt Rahughat, the 60 megawatt Upper Trishuli 3 A and the 309 megawatt Upper Tamakoshi," said Karki, at a function organized to mark NEA's 22nd anniversary.

Construction of Upper Trishuli 3 A will begin in the ongoing fiscal year with loan assistance from China, while the government of India has committed loan assistance for Rahughat, he added.

Presenting his report, Karki said NEA's net loss for fiscal year 2006/07 stood at 329.6 million, a 74 percent decrease from the preceding fiscal year. Increase in revenue, devaluation of dollar, and decrease by the government of interest it charges on loan to NEA from 10.25 pc to 8 percent were factors that contributed to cost saving, Karki said.