IBN endorses Rs. 21B investment for two hydropower projects
Summary
The Investment Board Nepal has approved Rs. 21.17 billion in investment for two semi-reservoir hydropower projects, including Nar Khola and Sani Bheri-3. The board also moved to speed up Arun-3 and Upper Karnali and encourage AI-based infrastructure proposals.
Key Points
- The Investment Board Nepal approved investment for the 58.9 MW Nar Khola and 46.72 MW Sani Bheri-3 hydropower projects worth a combined Rs. 21.17 billion.
- The board decided to help Arun-3 begin commercial production by February 2028 and to expedite the 900 MW Upper Karnali project.
- It instructed officials to use Swiss Challenge procedures for unsolicited proposals and to prioritize infrastructure projects based on artificial intelligence and emerging technologies.
- The meeting was chaired by Prime Minister Balendra Shah and attended by key ministers and senior government officials.
