Energy

NHPC seeks Rs 40 billion viability gap funding for West Seti Hydropower Project

KATHMANDU: India’s state-owned power utility NHPC Limited has sought Rs 40 billion in Viability Gap Funding (VGF) from Nepal’s Investment Board, citing financial non-viability of the West Seti hydropower project and the mandatory provision of free electricity to Nepal. NHPC, which was awarded the West Seti and Seti River-6...

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