Nepal signs
mega hydro project deal with Chinese firm…
Nepal has signed a major
deal with a Chinese company to develop a 1,200 MW hydroelectric project, the
biggest hydro project in the landlocked country that could resolve its
perennial power crisis.
Nepal’s Ministry of Energy
on Sunday signed an MoU with China Gezhouba Group Corporation (CGGC) for the
development of the much-touted 1,200 MW Budhigandaki Hydroelectric Project.
The agreement was signed at the
Prime Minister’s residence, in the presence of outgoing Prime Minister of Nepal
Pushpa Kamal Dahal ‘Prachanda’ and Chinese Ambassador to Nepal Yu Hong, The
Kathmandu Post reported.
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