Nepal is preparing an MoU in which India’s hydroelectric major NHPC will collaborate with state-run VUCL to develop a 480 MW semi-reservoir hydropower project in the western part of the country at an estimated cost of Rs 92 billion, an official said on Friday. The move comes days after Nepal and India inked an agreement to increase the power import and export capacity through the Dhalkebar-Muzaffarpur transmission line from 600 MW to 800 MW.
