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Nepal cancels deal with Chinese firm to build 1200MW hydro project

Nepal has cancelled a US$2.5 million deal with China Gezhouba Group Corporation to build a 1200MW hydroelectric project on the Budhi Gandaki river, Reuters has reported.

Nepal has cancelled a US$2.5 million deal with China Gezhouba Group Corporation to build a 1200MW hydroelectric project on the Budhi Gandaki river, Reuters has reported.

Lapses in the award process were cited as reasons for the cancellation, although no further details were immediately available.