Nepal’s government on May 29, 2018 said it would build on its own a 750 megawatt hydroelectric plant that was earlier cleared to be developed by China’s state-owned Three Gorges International Corp. Nepal's  Finance Minister Yubaraj Khatiwada said while unveiling a $12.18 billion annual budget in parliament “We will mobilize Nepal’s internal resources and build the West Seti hydroelectric project.”n The announcement effectively scraps a $1.6 billion plan by the Chinese firm to build the plant on West Seti river in the west of the Himalayan nation, the second such plant to be withdrawn from Chinese builders in six months.