Kathmandu, June 25 -- A year after the Post's revelation that Indian company Grandhi Mallikarjuna Rao (GMR), the developer of the 900 MW Upper Karnali hydropower project, offered to sell electricity produced by the plant to Bangladesh at 10 cents per unit, negotiations are still stuck over the power purchase and sales agreement.

A government official who was present at a recent meeting between Bangladeshi and Nepali energy authorities in Cox's Bazar said that the Nepali side unsuccessfully asked for a three-month timeframe to reach an agreement.

"We asked for a deadline to make a deal, but Bangladeshi authorities rejected the idea and said an agreement would be forged soon," said the official who asked not to be named. "Our counterparts...