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Energy Agreements China and Nepal Sign Three Pacts to Boost Energy

Author / Editor: Ahlam Rais / Wolfgang Ernhofer

The agreements cover three different domains – economic and technological cooperation, China-aid oil and gas resources survey project and framework agreement on promotion of investment and economic cooperation.

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China and Nepal to establish gas and petroleum projects in Nepal.
China and Nepal to establish gas and petroleum projects in Nepal.
(Source: Public Domain / CC0 )

India — Nepal and China have recently signed three pacts to further boost their ties in the power and energy sectors and undertake a feasibility study to excavate natural gas and petroleum in the Himalayan country, including in the southern Terai plains.

The pacts were signed after Chinese vice premier Wang Yang held discussions with Nepal’s deputy prime ministers Bijaya Kumar Gachhadar and Krishna Bahadur Mahara.

The agreements cover three different domains – economic and technological cooperation, China-aid oil and gas resources survey project and framework agreement on promotion of investment and economic cooperation, Nepal’s state-run National News Agency reported.

It also includes a feasibility study for excavating natural gas and petroleum in mountain areas and plains of the Terai region.

The two countries agreed to establish hydropower projects and transmission lines and take steps for economic and technological development in Nepal, which suffers from acute shortage of electricity.

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