Indian company to develop Nepal hydropower plant left by China

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Nepal has signed a pact with an Indian company to develop a hydroelectric plant in the west of the nation years after a Chinese firm backed out, officials said.

Nepal has opened its rivers, which it sees as having a combined potential to generate more than 42,000 megawatts of hydroelectric power, to foreign players to develop its economy and export electricity to narrow the trade deficit of more than $13bn.

Officials said India’s NHPC Ltd signed a memorandum of understanding on Thursday allowing it to study details like feasibility, environmental effects, inundation of land and construction costs for two projects – West Seti and SR 6 .

 

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Belgique Dernières Nouvelles, Belgique Actualités