The Investment Board Nepal (IBN) has formed a panel dedicated to development of West Seti Project, reports My Republica. The seven member panel will take measures against issues in the project.
The Details:
- The panel includes officials from the Ministry of Irrigation and Energy, Investment Board Nepal, Ministry of Finance, Nepal Electricity Authority and local stakeholders.
- The project has been in stalemate after the joint venture partner China Three Gorges Corporation (CTGC) cited issues in the current tariff and demanded assurance for a rate of return on investment.
- CTGC advised the IBN to customize the capacity of the power plant, but IBN officials and Nepal Electricity Authority (NEA) were not able to decide the issue on their own.
- In the project, CTGC has 75 percent stake while NEA has the ownership of 25 percent.
Editor’s Recommendations
- China Three Gorges Seeks Guaranteed Return of 17 percent
- NEA Invites CTGC to Seal Deal for West Seti Hydropower Project
- Government to Scrap Another Hydropower Deal with China
The Latest
-
Hero Xtreme 125R, A New Contender in the 125cc Segment, is Coming to NepalHIGHLIGHTS Hero Xtreme 125R price in Nepal is expected to be around Rs. 3 Lakhs.…
-
Motorola Moto G45 5G with Snapdragon 6s Gen 3 SoC Launching Soon in NepalHIGHLIGHTS The Motorola Moto G45 5G price in Nepal is expected to be at Rs.18,999…
-
Hero Xtreme 160R 4V Launching Soon in Nepal: 160cc Scene on Fire!HIGHLIGHTS Hero Xtreme 160R comes with 4-valve technology. It will be the fastest 160cc bike…