KATHMANDU: The government is set to register a company to construct the 1,200-megawatt Budhigandaki project.

A cabinet meeting held Tuesday approved a proposal to this effect.

The Ministry of Energy, Water Resources and Irrigation tabled a proposal to construct the Budhigandaki project under company model.

A promoter investors’ modality has also been prepared by the government.

Scrapping the previous government’s decision to give the project to a Chinese company, the government had decided to build Budhigandaki on its own last April/May.