New Delhi: Power company NHPC Ltd could bid for a $2.5 billion hyrdropower 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.
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," Mr Joshi said on Friday.
With elections in Nepal scheduled to begin later this month, the project is not likely to be discussed by the governments anytime soon, a senior power ministry official said.
Among other projects in Nepal, a 750 megawatts (MW) project is to be built on the western part of the country by China's state-owned Three Gorges International Corp, while two Indian companies - GMR Group and Satluj Jal Vidyut Nigam Limited - are set to build one 900 MW hydropower plant each, mainly to be exported to India.
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.
NHPC could look at developing what will be the country's biggest hydropower plant, its Chairman Balraj Joshi told Reuters.
With elections in Nepal scheduled to begin later this month, the project is not likely to be discussed by the governments anytime soon, a senior power ministry official said.
Advertisement
© Thomson Reuters 2017
COMMENTS
Advertisement
NHPC Limited Hiring Engineers Through GATE Scores, Salary Up To Rs 1.60 Lakh NHPC Q2 Net Profit Up Over 21% To Rs 1,685 Crore Video: Faridabad School Bus With Several Kids Gets Stuck In Water-Logged Underpass For More Than 1 Hour After Retest, Haryana NEET Centre With Most Top Scorers Gave This Result... The 'Fake' CrowdStrike Worker Who Took Credit For Biggest-Ever IT Outage What Recovery Of Austrian Gun 'Steyr AUG' From J&K Terrorists Means 5 People From Jharkhand's Jamtara Convicted For Money Laundering France Recalls Contaminated Olympic-Branded Water Bottles For Children Sara's Pilates Saturday Marked The Start Of An Active Weekend Routine Track Latest News Live on NDTV.com and get news updates from India and around the world.