Wednesday, Apr 24 2024 | Time 03:46 Hrs(IST)
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World


India's NHPC to build Nepal's Phukot Karnali Hydro project

Kathmandu/New Delhi, Apr 1 (UNI) Nepal has decided to build the 480 MW Phukot Karnali Hydroelectric Project, in Kalikot district in far western Nepal, under a joint investment between the Vidhyut Utpadan Co Ltd (VUCL), an undertaking of the Nepalese government, and India’s NHPC Ltd, a media report said.
Surya Rijal, managing director of the company, was quoted as saying that the company has decided that 51 percent of the project will be invested by India government-owned NHPC and 49 percent by Nepal’s VUCL.
“Our discussion has been going on for a year. The board had passed this decision earlier too. However, we couldn't make the decision. It should be approved by the Council of Ministers as well," he said.
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Over 240 tremors recorded off Taiwan's east coast over past 24 hours

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