West Seti: China is here to alleviate poverty as none else did including India
N24, KATHMANDU: The fact that Nepal has awarded US$1.8 b dam project to China Three Gorges Corp (CTGI) suggests more could be on the way in the same way ahead, thus leading a way to poverty alleviation in Nepal.
CTGI is meanwhile billed to commission the 750 megawatt West Seti River by the end of 2019. The deal was sealed on February 29.
Subsequent development demonstrates Nepalese side has welcomed more Chinese to invest in projects worth US$400.
However all this is expected to raise geopolitical concerns in New Delhi while it is also true that the Indians have not bothered to exploit water resources in Nepal despite enjoying political clout.
Industrialist and legislator Binod K Chaudhary who attened Boao Forum for Asia recently has said that “none can compete with China.”
It may be noted that the project in question will generate power that will bring relief to 40 percent of 28 m people who are powerless, with blackouts adding up to 14 hours a day.
While the project was initially awarded to Snowy Mountain Engineering Corp (SMEC) of Australia which had plan to sell power to India, it later backed out since it could not find money after 16 years.
The project entails 187 meter high and 445 meter long concrete dam that will displace 16000 villagers. The project came to life after Chinese premier Wen Jiabao visited Nepal in January when he offered economic and technical assistance equivalent to $119 million.
Published Date: Wednesday, April 18th, 2012 | 01:35 AM