China keen to sign PTA with Nepal
Fri, Oct 30, 2015 10:37 AM on External Media,
China has shown keen interest to sign Power Trade Agreement (PTA) with Nepal.
Writing a letter to Nepal Electricity Authority (NEA), China has proposed to sign Memorandum of Understanding (MoU) for PTA for hydropower development, transmission lines construction, and technology transfer, according to an official of NEA.
"We have forwarded the letter to the Ministry of Energy as NEA does not have authority to sign such agreements," the official added.
Deputy Prime Ministry and Minister for Energy Top Bahadur Rayamajhi also confirmed that China has shown interest to sign PTA with Nepal. "But talks are at an early stage," he said, adding that Nepal needs to have an option as it is buying electricity only from India.
Source: Republica
