Fiscal Nepal
First Business News Portal in English from Nepal
KATHMANDU: The Supreme Court on Thursday issued an interim order and asked the government not to implement its decision to extend the term of India’s power giant GMR that is developing the Upper Karnali Hydropower Project.
The Cabinet had decided to extend GMR’s term by two years.
A single bench of Justice Ishwor Prasad Khatiwada issued the interim order against the Cabinet’s July 15 decision, according to the apex court sources.
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