21st October 2022, Kathmandu
The Board of Investment has granted a survey license to NHPC, which is owned by the Government of India. On Thursday, Board CEO Sushil Bhatt handed over the survey license to Ashok Kumar Joshi, DGM of NHPC.
NHCP Limited (National Hydroelectric Power Corporation) is an Indian government hydropower board under the ownership of the Ministry of Power, Government of India.
After getting the license, NHPC will now have to submit a preliminary report within three months and a detailed study report (DPR) to the board after 21 months. CEO Bhatt has expressed confidence that NHPC can complete the study within the time specified in the agreement.
The Board of Investment signed an agreement with NHPC Limited for the development of the West Seti Hydropower Project and Seti River-6 Project in the presence of Prime Minister Sher Bahadur Deuba on Bhadra 2. The board had agreed with NHPC to issue a survey permit for the detailed study of both the 750 MW West Seti and 450 MW Seti River 6 projects.
The Board’s meeting held on Jestha 23 had decided to give the West Seti and Seti River-6 hydropower projects to NHPC. After the approval of the Cabinet, the Board signed the MoU.
It is arranged that the application should be made within 45 days of the agreement for the survey permission of West Seti and within 6 months of Seti River-6. Based on this provision of the agreement, NHPC applied for the survey permission of Paschim Seti last month. 45 days ago NHPC applied to the board.
A report should be submitted to the office of the Board of Investment after conducting a detailed study within two years of receiving the survey permission. It should include estimated cost, study, construction start and construction completion time and action plan, market assurance, transmission line, availability of financial resources, and project implementation method.
There will be negotiations between the two parties for the project development agreement. After that, the Board of Investment will make the necessary facilitation.
