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.
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Chinese companies to jointly develop Nepali hydropower project
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