"We deliver the required power at a certain point, we put a meter on this particular point - that means they will be responsible for the operation and maintenance of the system, " said Dr Janak L Karmacharya, head of the Nepal Electricity Authority (NEA).
Sprecher will continue as Chairman and CEO of the combined company, while NYSE Euronext head Duncan L. Niederauer will be president of the combined company and CEO of NYSE Group.