Nepal and China to sign hydel project jv

- ANIL GIRI, Kathmandu

Jun 15, 2018-

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.

Energy and railway pacts would be key gains for Nepal during the PM’s visit.

Speaking to journalists at a press conference on Thursday, Foreign Minister Pradeep Gyawali said, “The PM’s visit will push ahead Trans-Himalayan Multi-dimensional Connectivity from China to Nepal and executing past accords.”

The parties will sign agreements after delegation-level talks between PM Oli and his Chinese counterpart Li Keqiang on June 20.

Butwal Power Company Limited (BPC) has signed deals with three Chinese companies to develop Marsyangdi cascade 1,000MW hydropower project, the minister said.

The Chinese companies are Sichuan Provincial Investment Group (SCIG), Chengdu Xingcheng Investment Group (CXIG), both state-owned, and private firm Qing Yuan Consulting Co (QYEC).

The JV will begin with the Lower Manang Marsyangdi Hydroelectric Project with initial output of 100MW.

The JV aims to add up to 1,000MW to Nepal’s electricity grid in the next five years with an investment of up to

$3 billion. The Nepal Electricity Authority and China’s State Grid Company will sign an agreement on the cross-border connectivity.   

Other agreements to be signed during the PM’s visit are survey of Kerung-Kathmandu railway and preparing its detailed project report (DPR) and construction of ‘Nepal-China Friendly Bridge’ at Tatopani, Sindhupalchok; and Rasuwagadhi-Kerung that was damaged by the earthquake in 2015.  China has assured it would hand over the bridge after construction in May 2019, said Gyawali. “The Tatopani trading point will resume operations after we complete repairs and maintenance works.”

The parties would sign protocol on opening eight border points in Nepal and China borders that would link with Tibetan Highways to transport goods to Nepali citizens near the northern border.

The border points are Uripasa in  Bajhang, Rasuwagadhi in Rasuwa, Tinker in Darchula, Tiplapasa in Taplejung and Hilsa in Humla, Kimathanka, Korola and Nagcha (Mugu).

“The visit aims to take the bilateral relations to a new high. We are focused on executing 10-point framework agreements signed during PM Oli’s previous visit in 2016 and exploring new

areas of cooperation,” said Minister Gyawali.

Regarding China’s Belt and Road Initiative, Minister Gyawali said, “We have our priorities and we would consider aid or loan. I do not believe debt trap is always bad as some people suggest,” he said, questioning veracity of the reports on debt trap about projects funded by China in some countries.

China-Pakistan Economic Cooperation (CPEC) has brought a huge change in Pakistan’s economy, he said.

“We do not take support free of cost if any project is not beneficial to us. We need resources, but we need to balance between loan and grant. If we take grant, we have to compromise with donors, but if we take a loan, it would be on our terms.  The only question is whether we have the capacity to repay loan,” the minister said.


FM Gyawali hails UN office closure

KATHMANDU: FM Gyawali hailed the closure of Indian field office in Biratnagar as well as the government’s decision to close United Nation’s Department of Political Affairs in Kathmandu. If someone thinks that it does not want to leave Nepal after having its set up in Nepal, it is wrong, he said. “We do not need any kind of office here that is political in nature. I believe a positive impression is sent to the people about the closure of the DPA. We are capable of handling our internal matters. The government’s decision to close the DPA is positive,” he said.

‘Office to close in three months’

KATHMANDU: The UN Department of Political Affairs in New York has said that it will close its Kathmandu office within three months.

The Department of Political Affairs has responded to the request from the Ministry of Foreign Affairs of Nepal for the closure of the DPA Liaison Office in Kathmandu after successfully fulfilling its mandate, the DPA said in a statement on Thursday.

The Liaison Office will be closed within the next three months in consultation with the Ministry of Foreign Affairs, the statement said.  Earlier this week, the government had decided to close the DPA Kathmandu office, citing that the relevancy of the UN wing in Nepal was over.

The Ministry of Foreign Affairs has then sought a drawdown plan of the DPA from Kathmandu as decided by the government of Nepal.   

The Liaison Office was established in 2011 in consultation with the government after the withdrawal of the UN Mission in Nepal and tasked to support remaining aspects of the peace process and enjoyed close collaboration and partnership with the government and a wide

range of Nepali partners over the years, the statement reads. (PR)

Published: 15-06-2018 07:16

Next Story

User's Feedback

Click here for your comments

Comment via Facebook

Don't have facebook account? Use this form to comment