West Seti Hydroelectric Project

Consider the following statements:

1. India will take over the West Seti Hydroelectric Project nearly four years after China withdrew from it.
2. It is a proposed 2000-megawatt hydropower project which is to be built on the Seti river in far-western Nepal.
3. The project will generate electrical energy throughout the year, storing excess wet season river flows in the reservoir, and using this water to generate energy during peak demand periods in the dry season.

Which of the above statement(s) is/are true?