KATHMANDU, AUGUST 22
The Investment Board of Nepal has approved an investment of Rs 8.84 billion for the development of the 54-megawatt Lower Apsuwa Hydropower Project.
According to the Board's spokesperson, Pradhumna Prasad Upadhyay, the decision was made during a Board meeting held earlier today.
The meeting also resolved to establish a negotiation committee, led by the CEO, to submit proposals concerning the project development agreement, financing modalities, and other matters related to the West Seti Hydropower Project.
Chaired by the Board's Chairman and Prime Minister KP Sharma Oli, the meeting authorized the CEO to present the feasibility study report for the Kathmandu–Hetauda–Birgunj podway project, oversee the development and operation of the Panchkhal Special Economic Zone, and grant survey licenses for these projects.
Additionally, approval was granted to Karnali Transmission Company-the project developer-for conducting an environmental impact assessment and feasibility study on a new route alignment for the transmission line required for the 900-megawatt Upper Karnali Hydropower Project.
Deputy Prime Minister and Finance Minister Bishnu Prasad Paudel, Minister for Physical Infrastructure and Transport Devendra Dahal, National Planning Commission Vice-Chairman Prof. Dr. Shivaraj Adhikari, Chief Secretary Eaknarayan Aryal, Nepal Rastra Bank Governor Dr. Bishwo Nath Paudel, along with other senior officials, attended the meeting.
(With inputs from Rastriya Samchar Samiti)
