IBN clears Rs 21.17 billion for two hydropower projects
Summary
Investment Board Nepal has approved Rs 21.17 billion for two semi-reservoir hydropower projects in Kathmandu. The board also moved to accelerate the Arun-3 and Upper Karnali projects and said it will prioritize infrastructure proposals using advanced technologies such as AI.
Key Points
- Investment Board Nepal approved Rs 21.17 billion for the Nar Khola and Sani Bheri-3 semi-reservoir hydropower projects.
- The 68th board meeting was chaired by Prime Minister Balendra Shah.
- The meeting aimed to ensure Arun-3 starts commercial production by February 2028 and to speed up the long-delayed Upper Karnali project.
- IBN delegated authority to CEO Yangki Ukyab and discussed a legal framework for using the Swiss Challenge method for project proposals.
