China Three Gorges Corporation. West Seti Hydro power project – Reporters Nepal https://nepalireporter.com Impart Educate Propel Thu, 16 Nov 2017 10:42:45 +0000 en-US hourly 1 https://wordpress.org/?v=6.2.6 https://nepalireporter.com/wp-content/uploads/2023/01/cropped-RN_Logo-32x32.png China Three Gorges Corporation. West Seti Hydro power project – Reporters Nepal https://nepalireporter.com 32 32 NEA, Chinese firm sign joint venture to construct West Seti https://nepalireporter.com/2017/11/42655 https://nepalireporter.com/2017/11/42655#respond Thu, 16 Nov 2017 10:42:32 +0000 http://nepalireporter.com/?p=42655 Nepal Electricity Authority, China Three Gorges Corporation. West Seti Hydro power projectThe China Three Gorges Corporation (CTGC) and Nepal Electricity Authority (NEA) have signed an agreement to jointly invest in the West Seti Hydropower project.]]> Nepal Electricity Authority, China Three Gorges Corporation. West Seti Hydro power project

KATHMANDU, Nov 16: The China Three Gorges Corporation (CTGC) and Nepal Electricity Authority (NEA) have signed an agreement to jointly invest in the West Seti Hydropower project.

NEA executive director Kulman Ghising and CTGC representative signed on the agreement paper Thursday.

The planned West Seti Hydropower Project will be one of the largest reservoir type hydro projects in Nepal.

The agreement was reached after 10 months of preliminary agreement signed between these two bodies. According to NEA spokesperson, Parbal Adhikari, as per the agreement a joint company would be established to make joint investment for the project.

Accordingly, the Chinese company will invest 75 per cent of the construction cost while 25 per cent shall be borne by the NEA.

The project is estimated to cost Rs. 160 billion. RSS

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