India to build 900 MW power plant in cash strapped Nepal

14 May 2018  2120 | World Travel News

Prime Minister Narendra Modi shakes hand with his Nepalese counterpart Khadga Prasad Sharma Oli, also known as K.P. Oli, after inspecting a guard of honour upon his arrival in Kathmandu, Nepal May 11, 2018. REUTERS/Hemanta Shrestha

KATHMANDU (Reuters) – Indian Prime Minister Narendra Modi on Friday visited Nepal to launch building work with his counterpart K.P.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.

At a ceremony in Kathmandu, Modi and Oli pushed a button that opened the curtain on a plaque at the site of the 900 MW hydro-power project, formally marking the start of construction work there.

The project, which is expected to cost $1.04 billion and is being built by state-run Indian firm Satluj Jal Vidyut Nigam (SJVN) Limited, will be the single biggest foreign investment project in cash-strapped Nepal.

India has an open border with Nepal and tens of thousands of Nepalis work in India. The two countries share close religious and cultural bonds.

Read more...

Recommended Cambodia Tours

Cambodia Day Tours

Cambodia Day Tours

Angkor Temple Tours

Angkor Temple Tours

Cambodia Classic Tours

Cambodia Classic Tours

Promotion Tours

Promotion Tours

Adventure Tours

Adventure Tours

Cycling Tours

Cycling Tours