Investment Board of Nepal approves Rs 8.84 billion investment

Key Points

• The Investment Board of Nepal approved Rs 8.84 billion for the Lower Apsuwa Hydropower Project (54 MW).
• A negotiation committee was formed to handle the West Seti Hydropower Project agreements and financing.
• Approval was given for the CEO to present the feasibility report for the Kathmandu–Hetauda–Birgunj podway and oversee Panchkhal Special Economic Zone development.
• Karnali Transmission Company received approval to conduct environmental and feasibility studies for a transmission line for the Upper Karnali Hydropower Project (900 MW).