CTGC officials coming for talks on West Seti project

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    Aug 7, 2018-Officials of China Three Gorges Corporation (CTGC), the potential developer of the West Seti Hydropower Project, are slated to visit Nepal soon to hold final talks with Investment Board Nepal (IBN) to expedite the reservoir-type project located in the country’s far western region.

    Responding to an invitation sent by IBN last week, the Chinese company said that it was in the process of getting the go-ahead for the visit from its board of directors. “The Chinese developer has said that its representatives will visit us very soon to hold talks,” said Uttam Bhakta Wagle, spokesperson for IBN. “Currently, they are in the process of getting mandate from their board.”

    Last week, IBN wrote to CTGC inviting it for talks as approved by a meeting of its board of directors. According to Wagle, IBN will hold final talks with the Chinese developer; and if they are found to be unwilling to take the project forward, the agreement signed with them will be terminated.

    The 750 MW West Seti project has been languishing in uncertainty after CTGC said it would not go ahead with the scheme if the power purchase rate was not increased.
    Responding to an invitation sent by IBN last week, the Chinese company said that it was in the process of getting the go-ahead for the visit from its board of directors. “The Chinese developer has said that its representatives will visit us very soon to hold talks,” said Uttam Bhakta Wagle, spokesperson for IBN. “Currently, they are in the process of getting mandate from their board.”

    Last week, IBN wrote to CTGC inviting it for talks as approved by a meeting of its board of directors. According to Wagle, IBN will hold final talks with the Chinese developer; and if they are found to be unwilling to take the project forward, the agreement signed with them will be terminated.

    The 750 MW West Seti project has been languishing in uncertainty after CTGC said it would not go ahead with the scheme if the power purchase rate was not increased.

    Source: The Kathmandu Post