Nepal India firms wrap up Negotiations
Nepal India firms wrap up negotiations The Investment Board nepal and India GMR consortium have ended protracted negotiations to reach a power development agreement for the 900 megawatt Upper karnali Hydropower project . After over a year of negotiations both the sides gave final shape to the PDA on Friday. The deal will be a landmark between Nepal and India in hydropower development as it will open new avenues as it will open new avenues ofr foreign investment in the sector that remains largely unutilised. According to government sources an IBN board meeting on Saturday morning will endoorse the agreement.A cabinet meeting will give its final consent to the deal later in the day .The IBN and a high level GMR team have been in talks for five days in their offort to singn a final agreement during Indian prime min...