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Article: China follows Indian cue, enters Nepal's hydropower sector

Article from:
The Hindustan Times
Article date:
November 8, 2009
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Kathmandu, Nov. 8 -- Nepal's northern neighbour China has picked up the cue from its business rival in the region India to gradually consolidate its toehold in this water-rich country's hydropower sector.

Chinese companies are now seeking to form joint ventures with Nepal's power producers to gain easier access to an industry that, though potentially lucrative, is fraught with obstacles in the form of political opposition.

Sinohydro, that ranks 84th among the top 500 companies in China, is forming a joint venture with Sagarmatha Power Company to develop the 50 MW Upper Marsyangdi project in western Lamjung district.

The two have signed a power purchase agreement with Nepal Electricity ...

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