Kathmandu, August 28
The government is preparing to hold a round of talks with China’s Three Gorges over some reservations it has expressed on terms and conditions set for the West Seti Hydropower Project construction.
The company’s team is already in Kathmandu and meetings are scheduled for Tuesday and Wednesday, according to the Investment Board of Nepal.
As the company expressed reluctance to begin the project citing some practical concerns, the Investment Board had been inviting it for the talks, assuring genuine concerns would be addressed.
It has been learned that the government will request the company not to quit the project. Instead, it will propose decreasing the capacity from 620 megawatts to 550 megawatts.
Earlier, when the company demanded that the project be limited to 600 megawatts, the government was not ready.
“We will listen to their demands and discuss what we can do over them,” a Board official says, “If we can devise a win-win situation, the company will build the project.”
“Otherwise, we will scrap the agreement we signed with them earlier.”
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