Stability Key

April 28, 2013, 5:45 p.m.

Despite the agreement among the political parties to push for elections, the date is yet to be announced. It is still uncertain when the elections will be held in Nepal. Although political parties have been stressing November 2013 for holding the crucial polls, the current political situation makes them unlikely. As the political instability prolongs, it has been creating a lot of problems for ongoing development projects. Constructed under cooperation from Korea, Chameliya Hydro-Power Project is one of the casualties. Due to frequent political strikes and a month-long far-western strike of 2012, the project work got delayed. It is facing further hitches due to the reluctance of Korea-Exim bank to release the necessary funds. Although the project was supposed to complete by 2013, its schedule was revised up to March 2015. In case of any further delay in the release of funds, the project’s future will be uncertain again. In this context, we have looked at various aspects of the project as our cover story of the week. This project has shown the importance of political stability for the success of development works. The edition also includes other regular features. 

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