“Nepal’s hydropower sector is particularly attractive to Chinese investors because there is potential to sell some of the power generated to India, said Hong Kong-based Consul General Bindeswar Prasad Lekhak.”
“The Himalayan nation, which borders China and India, has vast untapped hydropower resources and it is keen to attract more foreign investment to expand the sector. It is already part of Beijing’s Belt and Road Initiative, which focuses on building infrastructure.”
” ‘They are planning for this year and they have already proposed some projects,’ he added. ‘Maybe in the near-term future they will come up with some new (foreign direct investment) in Nepal.’ ”
See also: China keen to ramp up trans-Himalayan project with Nepal, vying with India for influence