Decision to approve investment in two semi-reservoir hydropower projects
Summary
The Investment Board has approved investment in two semi-reservoir hydropower projects in Nepal, including the Narkhola and Sani Bheri-3 projects. The board also said commercial power production from Arun-3 will be ensured by February 2028 and that Upper Karnali construction will move ahead immediately.
Key Points
- The Investment Board approved investment in the Narkhola Semi-Reservoir Hydropower Project and the Sani Bheri-3 Semi-Reservoir Hydropower Project.
- The 68th meeting was chaired by Prime Minister Balendra Shah and endorsed the two projects worth over Rs 21 billion combined.
- Commercial power production from the Arun-3 Hydropower Project is expected by February 2028, and Upper Karnali construction will be forwarded immediately.
- The Board said it would use the Swiss Challenge method when needed to prioritize renewable energy projects.
