Nepal, China Sign 3 Pacts To Strengthen Energy, Economic Ties

Both sides held discussions on enhancing cooperation in tourism, infrastructure development, energy, cross-border connectivity and people-to-people relations.

The agreements signed cover economic and technological cooperation, oil and gas resources exploration, and promotion of investment, according to Nepals foreign ministry.

The pacts include a feasibility study for excavating natural gas and petroleum in mountain areas and plains of the Terai region, Nepals state-run National News Agency reported.

The two countries also agreed to establish hydropower projects and transmission lines and take steps for economic and technological development in Nepal, which suffers from acute shortage of electricity.