NEPAL: West Seti Hydroelectric Project (WSHP)

West Seti Hydroelectric Project (WSHP) involves the construction and operation of 750-MW hydroelectric power plant on Seti river in far western region of Nepal on BOOT basis for 30 years. Project sponsor is Australian-based Snowy Mountains Engineering Corporation (SMEC); West Seti Hydro Limited (WSHL) is 100% subsidiary of SMEC. Construction will be by China Machinery & Equipment Import and Export Corporation under lump sum price turnkey contract signed in April 2005; construction period is for 5 years. The Asian Development Bank (ADB) joined the project consortium in 2006 with the intention of becoming a provider of equity, debt financing and guarantees.  ADB is set to approve in Dec 2010 a loan package of US$45M (public sector component), and private sector component of $48M – equity investment; $68.5M – political risk guarantee; $50M – loan.  In Nov 2009, Chinese EximBank entered Nepal ’s hydropower sector for the first time. (Loan approval by ADB’s Board had been repeatedly delayed over the past 3 years.)
Nepal-India: Charting known waters (May 29, 2009)
PAC to dwell on West Seti Hydro project (July 29, 2009)
PAC to look into WSH project (July 31, 2009)
Direction to Halt West Seti Agreement (Aug 3, 2009)
In shallow waters (Aug 6, 2009)
Past forward (Aug 10, 2009)
West Seti hydro project on Nepal 's own terms (Aug 10, 2009)
PAC finds West Seti proposal obnoxious (Aug 13, 2009)
Maoist will not allow the operation of West Seti project (Sep 1, 2009)
Agitation Against West Seti : Maoist (Sep 2, 2009)
CMEC to withdraw its support from West Seti (Sep 4, 2009)
Govt-ADB energy talks next week (Sep 12, 2009)
Pancheshwar is not in Favour of Nation (Sep 13, 2009)
Local-run projects faring well (Sep 20, 2009)
Commission for the Investigation of the Abuse of Authority (CIAA) to investigate on KUKL (Oct 14, 2009)
China lends Nepal $200mn for infrastructure (Nov 4, 2009)
$200m Chinese loan for power sector (Nov 4, 2009)
China enters Nepal ’s hydropower sector; MoU signed for 50-MW Upper Marsyangdi (Nov 07, 2009)
Flawed water (Nov 20, 2009)
Memorandum Submitted to the Joint Nepal-India Meeting on Water Resources, Particularly the Status of Mahakali Treaty and the Future of Pancheshwar Dam (Nov 20, 2009)
Nepal-India water dialogue begins (Nov 21, 2009)
Nepal, India agree to form Pancheshwar action plan (Nov 22, 2009)
Pancheshwor on a roll (Nov 22, 2009)
Nepal-India water talks extended (Nov 22, 2009)
Nepal-India Talks: Pancheshwor in troubled waters (Nov 22, 2009)
Green light for Pancheshwor project (Nov 23, 2009)
Nepal, India finalize TOR on PDA (Nov 23, 2009)
Chinese go home, power projects hit (Nov 23, 2009)
Water to became dearer: KUKL hikes prices from today (Dec 16, 2009)
ADB pledges continued assistance (Dec 2009)
Maoists order halt to hydro project work (26 Jan 2010)
ADB shows interest in West Seti hydro again (Jan 27, 2010)
Missing Mahajans and Sahuji Electricity (Feb 19, 2010)
West Seti Hydro suspends operation (Feb 27, 2010)
Mass lay-off puts West Seti in jeopardy (March 4, 2010)
WSH officers oppose abrupt suspension of the project (March 9, 2010)
Tunnel construction of Melamchi drinking water project resumes (April 10, 2010)
Jindal finally enters Nepal 's hydropower sector (May 29, 2010)
PAC insatisfied with Khimti and Bhotekoshi loss (June 27, 2010)
NEA loss exceeds Rs 2 billion a year (June 28, 2010)
Himalayan rivers to dry up within 20 yrs: report (June 28, 2010)
Energy ministry sells license of three hydel projects to private sector (July 3, 2010)