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Posts tagged as “compelled”

MCA-Nepal cancels power line bids over higher costs:

By Prithvi Man Shrestha in The Kathmandu Post, Oct 14, 2023The 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. MCA-Nepal, a special purpose vehicle set up for implementing the…