DAMAULI: The 126 MW Lower Seti Hydropower Project is set to be developed in Tanahun with an estimated investment of USD 227 million from the Asian Development Bank.

Project Chief Hari Kumar Shrestha said the project financing will consist of 30 percent equity and 70 percent loan investment.

The semi-reservoir project’s dam will be located in Bandipur-6 and Devghat Rural Municipality-3, while the powerhouse, staff quarters, and main tunnel will fall within Devghat Rural Municipality-3 and 4.

Authorities have already started the land acquisition process for around 74,274.99 square meters needed for the construction of the powerhouse and staff quarters.