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Three Gorges wants answer and quickly too

N24 Correspondent, KATHMANDU: Chinese energy giant China Three Gorges International Corporation (CTGI) has sought government position on the diktats of Natural Resources and Means Committee.

The parliamentary committee has issued a directive not to implement the memorandum of understanding (MoU) it signed with the Ministry of Energy (MoE) on the West Seti Hydroelectricity Project.

The Chinese company has even warned of pulling out of the 750 MW project that the two sides signed last month.

CTGI has said that it is concerned over the decision of the parliamentary panel and has sought the government’s position on the controversy.

The company has said that it was shocked to learn what has come out from the parliamentary committee and that the government must come up with its position.

Meanwhile efforts are underway to have the committee change its decision with Arjun Kumar Karki, the spokesman and joint secretary at the Ministry of Energy saying “We will ask CTGI to suspend the primary works for a while. But they should get a signal soon as we are confident about convincing the parliamentary committee about the merit of the project.”

The MoE is expected to react to CTGI on Monday stating that the political parties, particularly the UCPN (Maoist) and the CPN-UML, are in favour of the project.

The parliamentary panel on March 10 had directed the government not to implement the MoU for the time being.

The parliamentary panel had questioned the proposed modality of investment and equity sharing in the government-CTGI deal.

Published Date: Monday, March 19th, 2012 | 06:29 PM

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