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India and Nepal PMs launch construction of 900MW power plant in Nepal

Power News - Published on Mon, 14 May 2018

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Reuters reported that Indian Prime Minister Narendra Modi visited Nepal to launch building work with his counterpart KP Sharma Oli on the country's biggest hydroelectric project, as New Delhi seeks to rebuild trust in the Himalayan republic, where China has made deep inroads. The project, which is expected to cost USD 1.04 billion and is being built by state-run Indian firm Satluj Jal Vidyut Nigam Limited, will be the single biggest foreign investment project in cash-strapped Nepal.

The project is moving forwards just as a Chinese proposal to build a 750 MW power plant in west Nepal has run into a roadblock. China's Three Gorges International Corp is haggling for better terms, Nepali officials said.

Modi told reporters that "The power plant will provide employment, economic and business opportunities to Nepal.”

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Posted By : Rabi Wangkhem on Mon, 14 May 2018
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