November 17, 2017 / 11:55 AM / 6 months ago

India's NHPC keen on $2.5 bln Nepal power project after Chinese deal scrapped

NEW DELHI, Nov 17 (Reuters) - Indian state power company NHPC Ltd is interested in bidding for a $2.5 billion power project in Nepal, its chairman told Reuters, after Kathmandu cancelled a deal with China Gezhouba Group Corp .

“We have to send our team there and work out all the details, but would be interested in bidding for the project,” Balraj Joshi said on Friday.

Critics in Nepal say the project was handed to the Chinese company without any competitive bidding, which is required by law, and a parliamentary panel asked the Nepali government to scrap the deal. (Writing by Krishna N. Das; Editing by Sanjeev Miglani)

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