On August 18, 2022, the Investment Board Nepal signed a Memorandum of Understanding (MoU) with India’s National Hydroelectric Power Corporation (NHPC) Limited to develop the West Seti and Seti River (SR6) projects — a total of 1,200 MW.
Interestingly, nearly four years have passed since China’s withdrawal from the project before Nepal decided to grant the project to India. Considering that hydro-power cooperation is a pillar in India-Nepal relations, there is a need to reflect on these questions: what does the decision offer to India and Nepal? What are the shared concerns and common interests? What are the options and alternatives?
