You are here: Home » International » News » Others
Business Standard

Nepal state firm to build $2.5-bn power project after China deal scrapped

Nepal's giant neighbours China and India both vie for influence in the country and have been lobbying for infrastructure projects there.

Reuters  |  Kathmandu 

A state-owned Nepali power company will develop the Himalayan country's biggest hydroelectric plant after the government scrapped a deal with a Chinese company, a government official said on Sunday. Nepal's cabinet scrapped a $2.5 billion deal with China Gezhouba Group Corp to build the Budhi Gandaki hydroelectric plant this month citing lapses in the award process. "The cabinet has decided to entrust the Nepal Electricity Authority (NEA) to develop the plant," Pushkar Dhungel, an aide to Deputy Prime Minister Kamal Thapa who is also the energy minister, told ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Mon, November 27 2017. 02:09 IST