The Nepalese government has annulled the development license of Indian firm Jindal Power, who were to be engaged in a 454 MW hydropower project in the Bajhang district.

The Ministry of Energy cited the firm’s failure to submit revised fees and progress reports despite persistent reminders, had led to the decision.

  The $748m Chainpur Seti River project was subject to new guidelines, reported The Himalayan Times, which stipulated that projects with power capacity in excess of 100 MW are liable to pay an annual fee of $57,5722.

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