NHPC keen on $2.5 billion Nepal power project after Chinese deal scrapped

Reuters  |  NEW DELHI 

By Sudarshan Varadhan

(Reuters) - Indian state power company NHPC Ltd is interested in bidding for a $2.5 billion power project in Nepal, its chairman told Reuters, after Kathmandu cancelled a deal with Gezhouba Group Corp.

"We have to send our team there and work out all the details, but would be interested in bidding for the project," Balraj Joshi said on Friday.

Critics in say the project was handed to the Chinese company without any competitive bidding, which is required by law, and a parliamentary panel asked the Nepali government to scrap the deal.

(Writing by Krishna N. Das; Editing by Sanjeev Miglani)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Fri, November 17 2017. 17:30 IST