KATHMANDU, May 3: The construction of 87 MW Seti River-3 Hydropower Project is estimated to cost around Rs 17.89 billion.
A feasibility survey conducted by the project has come up with the amount needed to build the semi-reservoir hydropower project. Chilime Hydropower Company Limited, a subsidiary of the Nepal Electricity Authority (NEA), is the developer of the project.
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According to the NEA, Chilime Engineering and Services Company Limited has prepared reports on feasibility study and environmental impact assessment of the project. It has estimated per megawatt cost of the project at Rs 220.85 million.
The Seti River-3 Hydropower Project will spread in six wards of Jaya Prithvi Municipality of Bajhang district. According to the feasibility study report, the maximum head of the project will be 124.46 meter, while the total head will remain at 115.07 meter.
The project is estimated to be completed in seven years. Its production capacity will be 482.556 GW per year. The project’s internal rate of return will be 120 percent.
