KATHMANDU, Nepal — Nepal hosted an investment summit Sunday in hopes of attracting much-needed foreign investment, especially in developing hydropower projects to produce more electricity that it can sell to neighboring countries.
Nepal is home to eight of the tallest mountain peaks in the world and has several rivers flowing down from them, bringing huge hydropower potential. But only a few projects have been built in the poor south Asian nation. “This explicitly shows the enormous opportunities to invest in the hydropower sector in Nepal,” Dahal said, adding that the existing and planned cross-border transmission line with India and China aids energy exchange within the region.Protests drove Nepal’s king off the throne 16 years ago.
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