Saturday 15 December 2018
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Scmp - 3 month ago

Nepal restores US$2.5 billion hydropower plant contract to Chinese firm

Nepal s new government has reversed its predecessor s decision and has asked China Gezhouba Group Corporation to build the nation s biggest hydropower plant, an official said on Sunday, as it seeks to woo Chinese investment in its ailing infrastructure. The US$2.5 billion deal with the Gezhouba Group to build the Budhi Gandaki hydroelectric project was scrapped last year by the previous government, citing lapses in the award process. State-run Nepal Electricity Authority (NEA...

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