Deal #10447
Nepal
Created at
2024-07-15
Last update
2024-09-24
Last full update
2024-09-24
Land area
Intended size
131 ha
Size under contract (leased or purchased area)
- [2024-07-16, current] 131 ha
Size in operation (production)
- [2024-07-16, current] 131 ha
Intention of investment
Intention of investment
- [2024-07-16, current] Renewable energy unspecified (131 ha)
Comment on intention of investment
The Project is designed to supply power to the Nepalese grid. Earlier it used to be called Upper Seti Storage HEP so some document like EIA is older and has Upper Seti Storage HEP in its name.
The main components of the project includes : Dam and spillway - a 140 m high concrete gravity dam with a crest length of 175 m will be constructed on the Seti River, A reservoir with a total surface area of 7.26 km2 at FSL (EL 415 m) will be created. The waterway- a 7.4 m in diameter by 1,203 m long headrace tunnel will be constructed on the right bank for the reservoir. A 190 m long tailrace tunnel will be constructed to discharge the flow used for power generation back into the Seti River. An underground
powerhouse will be constructed 6 km downstream of the dam. Two permanent access roads (totalling 7.3 km) and a number of temporary access roads will be constructed in the Project site.
Nature of the deal
Nature of the deal
Outright purchase, Lease
Comment on nature of the deal
Project will result in acquisition of 112 ha and leasing of 19 ha of private land.
Negotiation status
Negotiation status
- [2017-05] Concluded (Change of ownership)
- [current] Intended (Under negotiation)
Comment on negotiation status
Based on an article on May 2017, As of Thursday, Rs330 million had been distributed to 162 landowners. Houses, cattle sheds, crops and trees stood on the land taken over by the project. The Finance Ministry has allotted Rs420 million for land compensation in the budget for this fiscal year. The hydropower project, according to Sachen Gautam, communications expert at the project office, plans to complete distribution of the land compensation within this fiscal year.
https://kathmandupost.com/money/2017/05/05/162-landowners-receive-compensation-payouts
Implementation status
Implementation status
- [2024-07-16, current] Startup phase (no production)
Comment on implementation status
Feb 25, 2024: Tanahun hydropower project, the second storage project of the country, has witnessed 51.44 percent of its physical progress.
Since the commencement of its construction five years ago, the 140 MW project being constructed in Rishing Rural Municipality-1 of Tanahun District has achieved progress of around 50 percent of its construction work. The project, which is divided into three packages, has achieved financial progress of 46.34 percent as of now.
https://myrepublica.nagariknetwork.com/news/half-of-the-construction-work-of-tanahun-hydropower-project-completed/
Purchase price
Purchase price
46 464 206.44
₨
for specified areaComment on purchase price
upto 2017/18 (2074/75): 1123022164.95
2018/19 (2075/76): 98527458.65
2019/20 (2076/77): 157453
2020/21 (2077/78): 18413217.37 (although cumulative upto now is 1240120293.97; in the next financial report they say cumulative upto 2077/78 is 28622334.96; the higher amount is used above)
2021/22 (2078/79): 496173.42
2022/23 (2079/80): 17345698.06
Compensation of acquired land is based on replacement cost which ranges from NRs. 200,000 to NRs 800,000 per ropani (1 ropani = 508.74 square metres) for the reservoir area, NRs 1,600,000 to NRs 4,800,000 per ropani for Campsite and Access Road, and
NRs 950,000 to NRs 2,000,000 for Betini and Banchare area. The CDC has decided the compensation amount based on the type, location and quality of the affected land which is much higher than government Land Revenue Office rates such as 1.75 to 260 times higher in access road and camp site area and more than 15 to 45 times higher in reservoir area, and 9.5 to 20 times in the Betini and Banchare area.
Contract farming
Contract farming
No