Nepal eyed as location of biomass power plant

It has been reported that Chinese company Guangzhou Devotion Thermal Technology plans to construct a biomass-fired power plant in Nepal.

An estimated $50 million (€36.3 million) will be invested in the project, $15 million of which is the company's own capital.

Nepal has been selected as the location of the new biomass power plant due to its rich forestry resources and demand for power supply.

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