Jan 19, 2019-
Tanahu Hydropower Limited has given a contract commencement date to the two companies hired for the execution of the 140MW Tanahu Hydropower Project.
The project developer, a subsidiary of the state-owned Nepal Electricity Authority, on Wednesday directed CMC Ravenna of Italy and Sinohydro Corporation of China to mobilise workers for the project within 28 days.
Despite issuing the commencement date, Tanahu Hydropower Limited (THL) is doubtful if the construction of the storage project will begin on the time as CMC Ravena, the Italian contractor has landed into a liquidity problem.
After THL signed the contract with the Italian and Chinese firms back in October to execute two packages of the hydropower project, the Italian c…
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