Kathmandu. The Government of Nepal (GoN) has decided to incorporate Nepal Electricity Authority’s (NEA) request to include additional works under the Electricity Transmission Project (ETP) of the MCC Compact.
It is estimated that a budget of up to USD 67 million might be required for the additional work which will be financed from the original Compact budget, and after full utilization of the original budget, any shortfall would be financed from the NEA.
Currently, it has been considered as the Government of Nepal's contribution for the Compact purpose, and simultaneous modification has been made in the annexes of the Compact through an implementation letter.
Change in the annexes includes provisioning revised budget for an estimated shortfall in the construction of the Nepal-India cross-border transmission line and additional scope of work in the three substations, i.e. installation of additional bays as per the current and future requirement of NEA.
Similarly, there will be some changes in the scope of the Road Maintenance Project (RMP). However, these scope changes will not impact the overall road maintenance works budget.
