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West Seti License Terminated

  1 min 22 sec to read

The license of West Seti hydroelectricity project is now as good as terminated. A source at the Ministry of Energy said the license is being cancelled based on the reply sent by the license holder company West Seti Hydro Pvt Ltd.
 
The Department of Electricity Development had sent a letter to the company on February 13 demanding clarification as to why the company had failed to work as per the agreement and arrange the necessary financial resources. In the clarification submitted in the last week of March, the company has expressed readiness to sit for talks for developing the project on Public Private Partnership (PPP) model.
 
Sunil Bahadur Malla, the Director General of the department said, “PPP is not the model we envisioned and agreed for West Seti. So, we have moved ahead for the cancellation of license.”
 
The source at the ministry said the final decision on the cancellation of license and new ways to develop the project will be decided by the council of ministers.

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