Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Project

Chinese, Nepali companies to jointly develop hydropower project

July 26, 2019


Abstract : Two Chinese companies have joined hands with a Nepali company to develop the Tamakoshi III hydropower project with an investment of around 500 million U.S. dollars in Nepal.

KATHMANDU, July 26 (Xinhua) -- Two Chinese companies have joined hands with a Nepali company to develop the Tamakoshi III hydropower project with an investment of around 500 million U.S. dollars in Nepal.

A joint venture development framework agreement was signed between China's YEIG International, Shanghai Investigation, Design and Research Institute Co. Ltd. and Nepal's TBI Holdings Pvt. Ltd at a ceremony in Kathmandu on Thursday.

The signing ceremony was witnessed by Nepali Minister of Energy, Water Resources and Irrigation Barsha Man Pun and Zhang Guohua, vice governor of southwest China's Yunnan Province, among other officials and stakeholders.

Expressing best wishes to the joint venture, the Nepali energy minister said the cooperation can bring experiences achieved by Yunnan in the field of hydropower to Nepal.

"This project can work as a symbol of friendship and cooperation in the hydropower sector between the two countries," he said.

Noting that Yunnan Province is an important green energy base and electricity relay hub, Vice Governor Zhang believed that as a key hub in the Belt and Road Initiative, Yunnan has achieved fruitful results in cooperation with Nepal.

"The signing of cooperation document today will encourage more cooperation and exchanges in hydropower," Zhang said, adding that in 2018 alone, trade between Yunnan Province and Nepal amounted to 10 million U.S. dollars, a growth rate of 341 percent.

According to TBI Holdings, the 200-MW hydropower project will be started in early 2020 and will be completed in three and half years.

TBI Group Chairman Bhaban Bhatta said, "The project can be a milestone in the Sino-Nepal relations."

The hydropower project will be developed in Tamakoshi River, a part of Koshi River system, which flows through Dolakha and Ramechhap districts.

Scan the QR code and push it to your mobile phone

Keyword: energy hydropower

Reading:

China-Laos railway project brings new life, bright future a year after Lao dam disaster

China's power use up 5 pct in H1

China's supply-side structural reform reaps fruitful results in H1

Economic Watch: Green cooling heating up in China

China-contracted hydropower project in Laos quickens construction

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial