The Hindu Business Line : `Indian cos keen to tap Nepal's hydel potential'

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Mumbai Feb. 18 Nepal has an estimated hydropower potential of 1,00,000 MW but practically nothing is harnessed. The sector remains untapped, as the Nepalese Government has limited resources. Recently, the sector was opened to private participation and a number of Indian companies have also shown keen interest in developing the hydropower sector, said Dr Ram Sharan Mahat, the Finance Minister of Nepal.

Dr Mahat was talking to Business Line on the sidelines of the Second SAARC Business Leaders Conclave. He said that the bids for Upper Karnali, Arun-III and Budhi Gandaki projects have already been called.

The bids would be opened in a few weeks. Companies like Reliance, GMR Group, Tata, L&T and the J P Group have shown interest in developing these projects, which have the capacity to generate 300 to 600 MW, he said.

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