Nepal Electricity Authority (NEA) has signed a joint venture agreement with a Chinese company to construct 750-MW West Seti Hydropower Project. The agreement was signed in Kathmandu by NEA Executive Director Kulman Ghising and representatives of China Three Gorges Corporation (CTGC).
It will be one of the largest reservoir type hydro project in Nepal. The estimated cost of project will be 1.8 billion US dollars. CTGC will have 75% stake in the joint venture and NEA will hold remaining 25%.
The project will be completed in 79 months after start of construction work. West Seti project will be spread over Baitadi, Bajhang, Dadeldhura and Doti districts of Nepal. The initial agreement with CTGC was signed in January this year.