MCA-Nepal cancels power line bids over higher costs

Nepal Electricity Authority worried project delay could subject it to ‘wheeling charges’ by India.

The Millennium Challenge Account Nepal (MCA-Nepal) has cancelled all the bids it received for the construction of a 315-km 400kV transmission line, marking a major setback in implementing the Millennium Challenge Corporation (MCC) Compact. It was compelled to take the decision after all the bidders quoted prices higher than the estimated cost of the project.