Chinese energy tech firm inks USD10 mln power project contract with Nepal Electricity Authority

People work at the construction site of the Tanahu hydropower project in central Nepal, Dec. 30, 2022. (Photo by Hari Maharjan/Xinhua)

Chinese energy technology company LongShine Technology Group Co., Ltd. (LongShine Technology, 300682.SZ) has recently signed a contract on power marketing system supply and installation with Nepal Electricity Authority, a state-owned company of Nepal, reported China Securities Journal Wednesday.

The contract values about 10 million U.S. dollars, with a term of performance of six and a half years.

The project is the first national power project signed by the company overseas, and marks a new start of the international development of LongShine Technology's power marketing business, says the company.