Kathmandu, March 14 -- Two Indian companies have quoted the lowest prices for three 400kV substations, which will be constructed with assistance from the US Millennium Challenge Corporation (MCC).

Among the six technically qualified bidders-five Indian and one Saudi Arabian- two Indian companies offered the lowest prices to build the substations for which the bids were invited on three separate lots, according to the MCA-Nepal, the special purpose vehicle established to implement the MCC Compact programme in Nepal.

Techno Electric and Engineering Company, Linxon India Pvt Limited, Tata Projects Limited, Siemens Limited India, and KEC International India are five Indian companies that submitted the bids. National Contracting Company of S...