Energy company gone with the wind?

Energy company gone with the wind?

Prime Minister KP Sharma Oli had promised last year to end load-shedding in the country within one year.

To fulfil his promise, the Cabinet, on January 1, passed a proposal of Gurkha UK Limited Company to generate 300 megawatts in three months and 3,000 megawatts of wind energy in three years.

Though the company did not submit any document, the PM relied on the company’s executive chairman Basanta Bahadur Bhujel’s word.

More than five months have passed but the company has done nothing in this regard.

According to Investment Board of Nepal, the company has not contacted it since long.

“The IBN had asked the company to submit a feasibility study and financial and technical report within three months in January, but the company never contacted us,” a source at IBN told The Himalayan Times, requesting anonymity.

The source said the company had sought more time from IBN to submit the feasibility study and financial and technical report, claiming it was preparing the required documents.

Bhujel admitted that he and his company did not contact IBN, as their documents were not in order.

He said he was ready to start work if IBN allowed his company to invite multinational companies without having to submit documents for The Gurkha UK Limited.

He claimed if the government assured him market for electricity, he would invite multinational companies to produce electricity from wind.

But with no location identification or feasibility study regarding wind power being carried out in Nepal so far, Bhujel’s confidence about producing electricity from wind remains a mystery.

Source: THT