Investment Board of Nepal approves investment worth Rs 8.84 billion

Key Points

• The Investment Board of Nepal approved Rs 8.84 billion for the development of the Lower Apsuwa Hydropower Project with a 54 MW capacity.
• A committee will be formed to discuss the West Seti Hydropower Project, including project development agreement and financing modalities.
• The Board's CEO is tasked to submit the feasibility study report for the Kathmandu-Hetauda-Birgunj podway project and the Panchkhal Special Economic Zone.
• Approval was given for environmental impact assessment and feasibility of the new route for transmission line development of the 900 MW Upper Karnali Hydropower Project.