Image by : Kuni Takahashi/ Getty Images
For the last several years, Kathmandu has faced up to 16 hours of power outage every day. Nepal has immense water resources but had lacked the know-how of harnessing hydropower. But the major deal with Chinese company China Gezhouba Group Corporation (CGGC) to develop a 1,200 MW Budhigandaki hydroelectric project will change that. The biggest hydro project, funded by loans from Chinese financial institutions in the landlocked country, could resolve its perennial power crisis and lay the groundwork to establish Nepal as an electricity exporter. CGGC is currently building 30 MW Chameliya Hydropower Project in the far-west and 60 MW Upper Trishuli 3A Hydropower Project in the central region of Nepal. Another joint venture, the $150 million Upper Marsyangdi-A Hydroelectric Project in Central Nepal started generating power in September 2016.