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 […]

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 […]