India has expanded power sector partnership with Nepal with Kathmandu awarding the much-delayed West Seti Hydropower Project and Seti River Hydropower Project in the western part of the Himalayan nation to a leading Indian firm nearly four years after China withdrew from these projects.
An agreement on the projects was signed this week in Kathmandu in backdrop of a decision by the prime ministers of the two countries to focus on expanding power sector partnership that includes participation of Indian power majors in the projects in Nepal.
The estimated cost of the two projects is $2.4 billion. Earlier, two Chinese companies on two different occasions withdrew from the projects after signing MoUs, leaving Nepal in a big spot, ET has learnt from Kathmandu-based sources. The MoU was signed last Thursday between Investment Board Nepal and National Hydro Power Corporation Ltd to develop the two projects-West Seti and Seti River (SR6)-projects totalling 1,200MW.
The 750MW West Seti and 450MW SR6 projects are spread over four districts-Bajhang, Doti, Dadeldhura and Achham in far-western Nepal.
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