India & Nepal sign $1 Billion Hydro deal
Nepal and India signed a deal on Tuesday (Nov 25) to build a US$1-billion hydropower plant as Indian premier Narendra Modi began a visit to the impoverished Himalayan nation. The deal allows India's state-owned company Satluj Jal Vidyut Nigam to construct a 900-megawatt hydropower project on Nepal's Arun river, with electricity expected to be generated from 2021. The two energy-hungry countries both suffer ...
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