Home »Top Stories » Norway firm quits $1.5 billion Nepal hydropower project

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  • Jan 14th, 2016
  • Comments Off on Norway firm quits $1.5 billion Nepal hydropower project
Norwegian company Statkraft has said it is dropping plans to build a $1.5 billion hydropower plant in Nepal, citing bureaucratic hurdles and political instability in the troubled Himalayan nation. A vast network of fast-flowing rivers through the Himalayas means Nepal has huge untapped hydropower resources, making it a significant potential supplier to its energy-hungry neighbour, India.

Copyright Agence France-Presse, 2016


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