KATHMANDU, MARCH 16
The Investment Board Nepal (IBN) has granted the survey licence of 450MW Seti River-6 (SR-6) Hydroelectric Project to NHPC Ltd, a government of India enterprise.
IBN has granted survey licence of SR-6 to NHPC today as prescribed by the agreement signed with the latter on August 18, 2022 based on the decision of the government.
The memorandum of understanding had been signed by IBN Chief Executive Officer (CEO) Sushil Bhatta and Chairman and Managing Director of NHPC AK Singh in the presence of former prime minister Sher Bahadur Deuba, among other ministers, entrusting it with the task of developing this project which will be built in Achham and Doti.
The construction cost of the Seti River-6 hydroelectric project is estimated at $800 million.
NHPC Ltd will set up an office in Nepal and prepare the detailed project report of the project as well as conduct environmental impact assessment. The reports will have to be submitted to IBN within two years of receiving the survey permit.
Following the scrapping of an earlier agreement with a Chinese company, the 51st meeting of the IBN had decided to entrust the construction of the SR-6 Hydroelectric Project to NHPC.
A version of this article appears in the print on March 17, 2023, of The Himalayan Times.
