KATHMANDU: The third Power Summit, with “harnessing power” as its theme, kicked off here on Tuesday with India pledging to help Nepal develop its potentially rich hydropower sector and Nepal providing an assurance of security and investment protection.
The new Maoist government’s intention of generating 10,000 MW of power in the next decade would require about $20 billion, Indian Minister of State for Commerce and Power Jairam Ramesh said at the inauguration of the summit, which has brought over 300 investors, mostly from India. …
Source site:Economic Times
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