A team of technical experts from CWE Investment Corporation (CWEI), a subsidiary of the China Three Gorges Corporation (CTGC) in Beijing announced they had completed their preliminary study of the project to develop 750 Megawatt West Seti Hydro power Project in Nepal.

"A joint team consisting of three representatives from the Nepali government and eight from CWEI completed feasibility study of the proposed West Seti hydro power project area," said Radhesh Pant, chief executive officer (CEO) of Investment Board of Nepal ( IBN).

Talking to Xinhua on Sunday, Pant said the objective of the visit is to develop first-hand understanding of the technical and financial feasibility of the 750 MW-capacity of the project.

Through the visit, the CWEI technical team is scheduled to assess the projects hydrology, geology, migrant planning, project hydraulics, and engineering, among others.

Findings will lay down a ground for the execution of the project development. The CWEI team will submit its reports and findings within months about the detail planning of the project, said Pant.

IBN chief Pant said China expert team made their field visit as part of an agreed work plan that IBN and CWEI jointly developed following the signing of the memorandum of minutes (MoM) in Beijing in August.

Going by the MoM, CWEI and government will jointly develop the project with equity investment of 75 percent from CWEI and 25 percent from the Nepal government. The government says it will invest in the project by securing concessionary financing from the Chinese government.

IBN officials, nonetheless, clarified that the fresh MoM has taken into account all the recommendations made by the last Parliamentary Natural Resources and Means Committee and set a framework for due diligence on feasibility.

"I hope the Chinese team's findings will be positive," a statement of IBN quoted Pant as saying.

Pant further said that Nepal's side is making effort to lay the groundwork for the national master transmission plan to evacuate power from the project to the domestic market.

West Seti is one of the government's top priority projects in Nepal. It aims to supply up to 150 MW of electricity to the India based western industrial corridor, while the remaining power would go for fulfilling the power demand of Nepal.