BPC joins hands with three Chinese firms for hydropower development
November 24, 2017 03:00 AM NPT
KATHMANDU, Nov 24: Butwal Power Company Limited (BPC) has announced partnership with three Chinese companies for hydropower development in Nepal. Issuing a statement on Wednesday, the hydropower company said that it was tying up with Sichuan Provincial Investment Group Co Ltd (SCIG), Chengdu Xingcheng Investment Group Co Ltd (CXIG) and Qing Yuan Engineering Consulting Co Ltd.
BPC, in its statement, said that the partnership with these Chinese firms will start with Lower Manang Marsyangdi Hydroelectric Project (100 MW) located in Gandaki zone. According to the statement, the partnership will be followed by a number of other ventures in the near future with an aim to to develop at least 1,000 MW in next five years with investment of US$ 2-3 billion.