First Business News Portal in English from Nepal
KATHMANDU: The government has awarded contract to study and build two hydropower projects to an Indian company.
The meeting of the Investment Board Nepal on Monday decided to award studying and building responsibility of he 750-megawatt West Seti and 450-megawatt SR6 hydropower projects to Indian company NHPC India Limited.
The government was preparing to hand over the West Seti project to India after a contract with the Chinese company, Three Gorges, got cancelled.
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