Kathmandu, Aug 8 (PTI) Nepal on Monday licensed the Hydro Electricity Board of India to review and expand 1,200 MW hydroelectric initiatives in western Nepal.
The initiatives come with the 750 MW Paschim Seti Hydroelectric Project and the 450 MW Seti River (SR-6), a blended garage challenge.
Nepal Investment Board (NIB), a central authority frame licensed to approve overseas investments, has licensed an MoU with National Hydro Electric Power Corporation (NHPC) Private Limited, a Government of India endeavor, to behavior a feasibility find out about for joint building of hydroelectric energy. This comprises 750 MW Paschim Seti Hydroelectric Project and 450 MW Seti River-6 Project (blended capability of 1200 MW).
A choice to this impact was once taken all the way through the 52nd assembly of Nepal Investment Board held in Kathmandu beneath the chairmanship of Prime Minister Sher Bahadur Deuba. NHPC Limited, beneath India’s Ministry of Power, submitted an offer in May to expand the Paschim Seti Hydroelectric Project.
The Paschim Seti Project, envisaged just about six a long time in the past, is situated at the Seti River within the some distance west of Nepal. The proposed dam website online will probably be 82 km above the confluence of the Seti and Karnali rivers, which might be a part of the Ganga basin. The challenge website online is situated at an altitude of 550 to 920 meters and is unfold over six districts. According to the funding board, the estimated value of the challenge is US$2.4 billion.
Indian power corporate Satluj Hydroelectric Corporation (SJVN) has signed a Memorandum of Understanding (MoU) with the Government of Nepal final yr to expand the Lower Arun Hydroelectric Project.
Meanwhile, the assembly additionally determined to carry the Sustainable Infrastructure Investment Forum 2022 in Kathmandu in September to advertise funding in sustainable infrastructure building in Nepal.