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  • Chinese-Nepali consortium to build Upper Marshyangdi

    Kathmandu,Nov 23:The Kathmandu Post reports that a consortium of Chinese and Nepali companies has bought shares of the 600 MW Upper Marsyangdi hydropower project. Indian company GMR had been holding the license of the project for the last 11 years. The paper reports that the Chinese firms SCIG International, Xingcheng International Investment and QYEC International and Nepali firm Butwal Power Company have bought the shares of the company from GMR for around Rs 3 billion. The Indian firm has applied to the central bank to repatriate the amount.

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