India is prepared to help Nepal build a 100 to 150 MW hydropower project. "We are prepared to consider providing support, through an appropriate financial model, for the development of a project in the range of 100 - 150 MW for Nepal's own use," Indian ambassador Shiv Shanker Mukherjee announced this at the Power Summit 2006 on Thursday.
He said India was also considering to provide funds for rehabilitating and upgrading the Devighat hydropower project, which was built with New Delhi's assistance in the early 1980s.
India has already announced Rs 100 crore budgetary support to the seven-party alliance government of Nepal.
Mukherjee was supposed to hand over the cheque to the finance minister last week, but the programme was postponed due to unprecedented traffic jam in the national capital caused by Maoists' demonstrations.
The handover ceremony will take place on Monday, Indian embassy sources said.