MCA-Nepal signs $154 million contracts to advance power line project
Summary
MCA-Nepal has signed two contracts worth $154.5 million to construct 180 km of high-voltage transmission lines under the MCC Nepal Compact to enhance electricity availability and regional power trade.
Key Points
- MCA-Nepal signed contracts worth $154.5 million to build 180 km of high-voltage transmission lines.
- Contracts awarded to Angelique-Skipper JV and WAIBA-SALASAR JV after an international bidding process.
- The project aims to improve electricity availability, reliability, and enhance regional power trade in Nepal.
- The MCC Nepal Compact is a $697 million investment designed to boost Nepal's economic growth by strengthening infrastructure and cross-border energy trade.
