Nepal and China today signed three pacts to further boost their ties in power and energy sectors. The pacts were signed to undertake a feasibility study to excavate natural gas and petroleum in the Himalayan country, including in the southern Terai plains.
Both the countries signed the deals after visiting Chinese vice premier Wang Yang held discussions with Nepal’s deputy prime ministers Bijaya Kumar Gachhadar and Krishna Bahadur Mahara.
According to Nepal’s foreign ministry, the agreements signed today cover economic and technological cooperation, oil and gas resources exploration, and promotion of investment.
China’s vice premier Yang arrived in Kathmandu yesterday from Pakistan after attending the country’s Independence Day celebrations as a special guest.