+

Nepal’s govt, private agencies sign eight agreements with China for development cooperation

Beijing, June 20

Eight different agreements were signed between Nepal and China in Beijing at the presence of Prime Minister KP Sharma Oli today. Agreements were signed between the governments and private companies of both the countries to develop hydropower projects, cement industries and establishing highland food parks, amid a function organized in Embassy of Nepal in Beijing.

Different Nepali investors and Chinese investors have signed the separate memorandums of understanding (MoUs) on the occasion.
CEO of Investment Board Nepal Maha Prasad Adhikari and Vice President of Huaxin Cement of China Xu Gang signed the project investment agreement between the Investment Board of Government of Nepal and Huaxin Cement Narayani Private Ltd. The Chinese firm has pledged USD 144 to generate 3,000 metric tonnes of cement per day.

Likewise, Nepal’s Ministry of Energy, Water Resources and Irrigation, and China Communications Construction Company also signed an agreement to prepare a detailed feasibility study on Eastern Terai River Training in Biring, Kamala, Kankai rivers. Joint Secretary at the Ministry of Energy Dinesh Kumar Ghimire of Nepal and Deputy General Manager of China’s Communications Construction Company Liu Dongyuan signed the agreement.

Similarly, an MoU between Fortuna Investment Pvt. Ltd of Nepal and Guizhou Maritime Silk Road International Investment Cooperation was signed on establishing the highland food park for varieties of fruits and vegetables. Chairperson of Fortuna Investment Company of Nepal Bhawani Rana and Zhag Zao of Guizhou Maritime Silk Road International Cooperation signed the MoU.

Over USD 46 million would be invested in this project.

A Joint Development Agreement among Yunnan Xinhua Water Conservancy and Hydropower Investment Company, Hydrosolutions Group and Shanghai Investigation, Design and Research Institute Co, Ltd was also signed for the development of 164 MW Nepal Kaligandaki Gorge Hydropower Project. The project would be developed in BOOT model.

Furthermore, an agreement was signed for the construction of 40.27 MW Siuri Nyadi Hydropower Plant Project in EPCF model. Shailendra Guragain of Siuri Nyadi Hydropower Plant Project and Zhang Yanfei of National Electric Engineering Company signed the MoU.

On the occasion, an agreement between Nepal Pashmina Industries Association and One Belt One Road International Trade Platform of CIC Mutual Trade Investment Company was signed for the sale of Nepali pashmina in China. The purchase order from China would be between 200,000 to 500,000 pieces every year. President of Nepal Pashmina Industries Association Durga Bikram Thapa and Chairperson of OBOR International Trade Platform of CIC Mutual Trade Investment Company Shu Ya signed the MoU to this effect.

Likewise, another MoU on Framework Agreement for Cooperation in Marsyangdi Cascade Hydropower Project of 600 MW was signed between Chairman of Butwal Power Company of Nepal Padma Jyoti and the representative of Sichuan Investment Group Company, Chengdu Xingcheng Investment Group Company and Sichuan Qingyuan Engineering Consulting Company.

Finally, another MoU was signed on Cooperation Framework Agreement for the Construction of 75 MW Trishuli Galchhi Hydropower Project in EPCF Model. Nepal’s Siddhakali Power Company Chairman Guru Prasad Neupane and Vice President of Dongfang Electric International Corporation Chen Qiang signed the document for the project construction.

RSS

React to this post

Conversation

New Old Popular