19.12¡ÆC
<p>The China Machinery Engineering Corporation (CMEC), a government-owned company of China has expressed interest in making investment in two important hydropower projects of Nepal. <br><br>The Company has proposed to the Government of Nepal expressing its readiness to invest in the Tamakoshi III and Tamor hydropower projects.</p><p>The Tamakoshi hydropower project of 650 MW was abandoned by Norwegian company, SN Power saying that there was no market for power produced from the project.</p><p>Likewise, the 762 MW Tamor project, including a reservoir, is currently under study by the Nepal Electricity Authority (NEA). <br><br>Chief Executive Officer of IBN Maha Prasad Adhikari confirmed receiving of the proposal from the Chinese company and added that further process in response to it was yet to begin.<br><br></p>
