The Ministry of Energy has formed a taskforce to decide on whether to renew the license of West Seti Project. “Since the project could not take off despite repeated renewal of their license, we have now formed a taskforce to decide whether it should be renewed any longer,” said Dr. Prakash Sharan Mahat, Minister for Energy. He said that the issue will also be discussed at higher political level including with the prime minister. The project had obtained the license 17 years ago. Its license was renewed last year when it showed commitment about Chinese investment. But it failed to carry out financial closure for the 750 MW strong mega project. It is estimated that the cost of building this project stands at around Rs 120 billion.