Explanation:

Recently it was announced that India will be taking over West Seti Hydropower Project nearly four years after China withdrew from it, ending a six-year engagement between 2012 and 2018.

• The Project is a proposed 750-megawatt Hydropower Project.
• It is to be built on the Seti River in far-western Nepal, which has remained on the drawing board for the last six decades. 
• The dam site is located 82 kilometers (km) upstream of the confluence of the Seti and Karnali rivers, forming part of the Ganges basin. 
• This storage or reservoir will fill up during the monsoon season and the water will be drawn to generate power during peak hours each day in the dry season.

Hence only statement 2nd is correct.