China mulls exit from Nepal’s Seti hydropower project

Citing high resettlement and rehabilitation costs, China is planning to make an exit from 750-megawatt West Seti hydropower project in Nepal, reported the South China Morning Post quoting sources in Kathmandu. A high-level delegation from CWE Investment Corporation, a subsidiary of China Three Gorges Corporation that had undertaken to execute the project in a memorandum […]

Oil slips as trade war worries outweigh Iran sanctions

Oil prices slipped on Friday as concerns over the impact of a global trade war depressed sentiment, although impending U.S. sanctions on Iran and falling Venezuelan output limited losses. Benchmark Brent crude oil was down 40 cents a barrel at $77.37 by 0840 GMT. U.S. light crude was 30 cents lower at $69.95. U.S. President […]

RInfra bags Rs 19-bn contract for package 7 of Nagpur-Mumbai e-way

Anil Ambani-led Reliance Infrastructure (RInfra) on Friday said it has bagged a contract worth Rs 19.07 billion from the Maharashtra State Road Development Corporation (MSRDC) for package-7 of Nagpur-Mumbai Samruddhi Expressway project. The contract involves the development of package-7 from 296 km to 347 km, which is a part of Maharashtra government’s flagship Rs 460-billion […]