$1.6bn Nepalese hydroelectric power plant wins approval

China’s main hydropower developer has been granted approval to develop a 750 MW hydroelectric power plant in Nepal.

China Three Gorges International has secured approval from Nepal's investment board to develop the long-delayed $1.6bn hydropower project.
Nepal river and mountains
The project is to be sited on the West Seti river in northwest Nepal.

The Nepalese are keen to take advantage of their immense hydropower potential to ease chronic power shortages in the region, prompting investment commitments from its two large neighbours - India and China.

Some of the power generated from the project, which is expected to be complete by 2021-2022, will be given for free to locals and the rest will be sold to Nepal, officials told Reuters.

Estimated to produce about 42000 MW of hydropower, Nepal currently generates 800 MW, which is less than the demand of 1400 MW.

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