Stories By 'ANIL GIRI'
Private firms from Nepal and China would sign a joint venture pact to build 1,000MW hydroelectricity plant during Prime Minister KP Sharma Oli’s visit to China, starting June 19.
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Prime Minister KP Sharma Oli is embarking on a five-day official visit to China on June 19 as Beijing looks to deepening ties with Nepal with deals under its flagship Belt and Road Initiative.PM Oli, for the first time, is going to discuss projects under the BRI after Nepal became a part of it last year. Kathmandu has already sent a list of projects to Beijing mostly related to road, rail, energy and cross-border power transmission.The foreign ministries of Nepal and China on Wednesday announced PM Oli’s visit. As of Wednesday, both the sides have agreed to sign at least six pacts while negotiations are going on for five other deals.
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A week after the government formally decided to wind up the United Nations’ political office in Nepal, officials on Tuesday asked the UN agency for its drawdown plan. The government has already written to the Department of Political Affairs (DPA) to wrap up its Nepal office within three months.
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The 18th Summit of the Shanghai Cooperation Organization—arguably one of the biggest diplomatic jamborees in the region—will be going ahead in Qingdao, China on Saturday without Nepal, a dialogue partner of the organisation.Besides Chinese President Xi Jinping, other world leaders including Russian President Vladimir Putin and Indian Prime Minister Narendra Modi have confirmed their participation in the summit.
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Prime Minister KP Sharma Oli eyes sizeable support from Beijing to development projects during his five-day state beginning on June 19 with various line ministries forwarding dozens of schemes for Chinese funding.
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The Eminent Persons’ Group (EPG) on Nepal-India relations, which is tasked with suggesting new ways of bilateral relations and reporting to both the governments, is likely to seek a one-month term extension at the request of the Indian side.
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