Kathmandu. Minister for Energy, Water Resources and Irrigation Deepak Khadka has expressed the belief that the electricity generated in the country would not be wasted.

Speaking at the signing ceremony of a multilateral Memorandum of Understanding (MoU) for hydropower development and construction of 400 KV transmission line in The West Seti Corridor on Monday, Minister Khadka said that the shortage of transmission line would now be overcome and this cooperation would contribute to the achievement of the target as per the energy development roadmap.

“The MoU, which has raised significant hopes in the energy sector, will meet the shortage of transmission infrastructure and end the problem of wastage of electricity generated. The government is positive to create an environment where the private sector can also produce and sell. Work is underway to create a conducive environment for the private sector to sell more electricity along with domestic consumption,” said Minister Khadka.

Hydro Electricity Investment and Development Company Limited, National Transmission Grid Company Limited, Chainpur Seti Hydropower Company Limited, Chilime Seti Hydropower Company Limited and Samriddhi Enji Limited have signed a Memorandum of Understanding (MoU) to collaborate in the construction of hydropower projects and transmission infrastructure under the West Seti Corridor.

As per the MoU, there will be multilateral cooperation in the construction, mobilization and operation of financial resources for the construction, mobilization and operation of bajhang-Nilegada-Dodhara 400 KV inter-country transmission line and three hydropower projects – Chainpur Seti (210 MW), Seti River-3 (87 MW) and Bajhang Upper Seti (216 MW).