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 .