Stories Tagged 'West seti hydropower project'
Blessed with water resources, cursed with governance failure
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The planned West Seti Hydropower Project set the village of Dhungad into an eternal state of limbo
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The formation of a three-member task force to prepare a modality for the development of West Seti Hydroelectric Project on Tuesday formally closed the chapter of China Three Gorges International with the multi-billion project.
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Investment Board Nepal (IBN) has refuted Finance Ministry’s claims that the government would build the West Seti Hydropower Project with internal resources as stated in the recently released budget statement for fiscal 2018-19.There has been no decision to scrap the pact signed with China Three Gorges Corporation (CTGC)--the potential developer of the 750MW reservoir-type project, the IBN said in a statement on Wednesday.
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A government panel formed to decide the fate of the stalled West Seti Hydropower Project has recommended scrapping the pact signed with the potential developer China Three Gorges Corporation (CTGC) or providing it a second chance to build the plant by slashing its installed capacity.
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Nepal’s energy sector, which is still feeling the pangs of this week’s cancellation of biggest hydropower development agreement, has received a much-needed shot in the arm with the signing of a major deal with a leading Chinese firm that would almost double the country’s electricity generating capacity.
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