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Article: India: Crisis in Nepal may affect plans of Indian power generation firms.
- Article from:
- TendersInfo
- Article date:
- May 9, 2009
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Byline: shiv03
The political turmoil in Nepal may hurt the ambitious plans of Indian power generation firms such as Satluj Jal Vidyut Nigam Ltd, or SJVNL, Bhilwara Energy Ltd, or BEL, and GMR Infrastructure Ltd, to set up hydroelectric projects with a combined capacity of 1,124MW in that country.
We are very closely monitoring the situation. However, the existing structure available today do not guarantee the safety of Indian assets or personnel here. One violent incident and the entire situation will erupt, said an Indian government official posted in Nepal. He didn t want to be named.
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