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dam-l Enron asked not to withdraw from Nepal Hydropower Project

Enron asked not to withdraw from Nepal Hydropower Project

Reuters, Kathmandu

Nepal will ask Enron of the US to reconsider its decision to withdraw its
application to build a hydropower plant in the Himalayan kingdom, the
finance minister, Ram Sharan Mahat, said yesterday.  Last week, Enron
Renewable Energy withdrew its application to build a dam on the Karnali
River in west Nepal to produce a maximum of 10,800 megawatts of hydropower
for export to India and China.

Officials said the Houston-based company had pulled out of the project
after reviewing the "power and financial markets".  Enron said on April 14
in that the project was withdrawn mainly because of uncertainty in "selling
a large block of power to a market outside Nepal".




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