PRC Signs Deal to Develop Hydropower in Nepal

20 June 2018

Nepal and People’s Republic of China (PRC) signed eight agreements worth $2.4 billion, including deals to develop hydroelectricity, water resources, cement factories, and fruit industries in Nepal. The signing ceremony took place in Beijing during Nepal Prime Minister KP Sharma Oli’s visit to PRC on 20 June 2018.

Agreements were signed between the government and private corporations of both countries. Among the deals signed was a joint development agreement among Yunnan Xinhua Water Conservancy and Hydropower Investment Company, Hydrosolutions Group and Shanghai Investigation, Design and Research Institute for the 164-megawatt (MW) Nepal Kaligandaki Gorge Hydropower Project.

Also signed were agreements for cooperation for the construction of the 40.27-MW Siuri Nyadi Hydropower Plant Project, the 600-MW Marsyangdi Cascade Hydropower Project, and the 75-MW Trishuli Galchhi Hydropower Project.


Related Links:

Construction and rail procurement for the Jayanagar (India)-Janakpur (Nepal) rail service...

Read More


The Cabinet Committee on Economic Affairs of the Government of India, ...

Read More


Cargo containers using the Electronic Cargo Tracking System (ECTS) bound for Nepal...

Read More


The mini-dry port in Phuentsholing, Bhutan, built with loan/grant financing support...

Read More


Mr. Md. Mofizul Islam, Secretary, Ministry of Commerce of the Government of...

Read More


Mr. Abdul Momen, Foreign Affairs Minister of the Government of Bangladesh, undertook a...

Read More


President Ibrahim Mohamed Solih, Maldives, said Sri Lanka’s similarities with Maldives make it easier for the two countries...

Read More