Government prepares domestic investment model for Budhigandaki,

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December 18, kathmandu. A government panel has finalised the model of domestic investment to construct the 1,200-megawatt Budhigandaki Hydropower Project.

The panel suggests various forms of tax on all forms of petroleum products, annual budgetary investment of the government and funds from other national financial institutions can generate money sufficient for the project.

These financial institutions including Citizens Investment Trust, Employees Provident Fund, Nepal Telecom, Rastriya Beema Sanstha and private insurance companies among others.

The team led by National Planning Commission Vice-Chairman Swarnim Wagle submitted its report to Deputy Prime Minister and Minister for Energy Kamal Thapa today.It has been estimated that the project will cost Rs 270 billion to Rs 300 billion.

The panel suggests the Authority’s profits also be used for the project. If necessary, welfare funds of Nepali Army and Nepal Police can be asked to make contributions.

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