Walking the talk....
These days we hear a lot about interest in investing in the hydro power sector.... In past couple of weeks, we have heard NRNs and trade delegation from UK showing their utmost interest ... This enthusiasm from the investment community is quiet encouraging...................................Ignoring all these good news,Gyanendra Lal Pradhan, chairman of the Hydropower Development Committee at Federation of Nepalese Chambers of Commerce and Industry (FNCCI) today has formally asked the Government to "Bailout" 28 hydro power companies.......He has blamed the following reasons for the sorry state of these 28 hydro projects ... increasing cost of construction materials and i ncreased interest rate are the major factors making hydropower projects costlier. Over the last two years, the i nterest rate has increased by 5-7 percent points. Gyanendra Lal Pradhan, said other projects except Khimti, Bhotekoshi, Chilime and Butwal Power Company are in trouble. “The projects that starte...