Indian power company NHPC Ltd could bid for a $2.5 billion hydropower project in Nepal, its chairman told Reuters, after Kathmandu cancelled a deal with China Gezhouba Group Corp.
China and India jostle for influence over infrastructure projects in Nepal and the deal with China was scrapped after it was criticised for being handed to the company without any competitive bidding.
State-run NHPC could look at developing what will be the country’s biggest hydropower plant, its Chairman Balraj Joshi told Reuters.
“It is too early to talk about funding as firstly the techno-economical parameters of the project would have to be studied,” Joshi said on Friday. Read More…
Latest posts by The Economic Times (see all)
- Government’s ‘power for all’ plan through the budgets - January 15, 2019
- Rs 4.5K crore Mangdechhu hydroelectric project to start producing by end of next month - January 15, 2019
- India’s Smart City Dream: What is the role of intelligent transport management system? - January 14, 2019