NHPC Could Bid For Nepal’s $2.5 Billion Power Project Pulled From China

NHPC Could Bid For Nepal’s $2.5 Billion Power Project Pulled From China

Indian powercompany 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…

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