Nepal Refuses China’s Offer To Fund Multi-billion Dollar Power Project


Nepal Refuses China’s Offer To Fund Multi-billion Dollar Power Project

The Nepal government has said “no” to China to build the Budhi Gandaki hydroelectricity project that was awarded to a Chinese firm by the previous Pushpa Kamal Dahal ‘Prachanda’-led dispensation in 2016.

The previous government had also asked China to list the project under the its Belt and Road Initiative, of which Nepal is a part.

The decision by the current government on Tuesday came as relief to New Delhi as it fears that investment in Beijing would surpass in Nepal and would lessen India’s clout in Kathmandu. Read More

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