Report on the West Seti Hydroelectric Project and ADB Policy Violations (Version 2)
The West Seti Hydroelectric Project is a 750 MW dam project in western Nepal (located in Baitadi, Bajhang, Dadeldhura and Doti Districts), which has been planned by an Australian company, Snowy Mountains Engineering Corporation (SMEC).
The estimated project cost is 1.2 billion dollars, and the project is expected to receive loans and political guarantees by Asian Development Bank (ADB), Multilateral Investment Guarantee Agency (MIGA), Export and Import Bank of China, Bank of China, Infrastructure Leasing and Export Corporation (India), Industrial Bank of China, China Export and Credit Insurance Corporation (SINOSURE). All the electricity produced will be transferred to India by the Power Trade Corporation (PTC).1 As a royalty, 10 % of the produced electricity (or equivalent cash) is expected to be provided to the Government of Nepal.2
Please click on the following link to view full report (This is in pdf Format)
Report on West Seti Hydroelectric Project and ADB policy violation
The estimated project cost is 1.2 billion dollars, and the project is expected to receive loans and political guarantees by Asian Development Bank (ADB), Multilateral Investment Guarantee Agency (MIGA), Export and Import Bank of China, Bank of China, Infrastructure Leasing and Export Corporation (India), Industrial Bank of China, China Export and Credit Insurance Corporation (SINOSURE). All the electricity produced will be transferred to India by the Power Trade Corporation (PTC).1 As a royalty, 10 % of the produced electricity (or equivalent cash) is expected to be provided to the Government of Nepal.2
Please click on the following link to view full report (This is in pdf Format)
Report on West Seti Hydroelectric Project and ADB policy violation
