The government today approved foreign investment worth almost Rs 85 billion for three hydropower projects.
The 42nd meeting of Investment Board Nepal (IBN) today – chaired by Prime Minister KP Sharma Oli – has approved foreign direct investment (FDI) for 216-megawatt (MW) Upper Trishuli 1, 50 MW Marshyangdi Besi and 37 MW Upper Trishuli-3B, confirmed IBN chief executive officer Maha Prasad Adhikari.
“While the IBN has approved Rs 65 billion investment for Upper Trishuli 1, Rs 11.77 billion has been approved for Marshyangdi Besi and Rs 8.22 billion for Upper Trishuli-3B,” he said, adding that the meeting has also extended the term of compensation dispute committee of the 900 MW Arun-III hydropower project that is looking into various issues and asked it to resolve them within two months.
The 42nd meeting of Investment Board Nepal (IBN) today – chaired by Prime Minister KP Sharma Oli – has approved foreign direct investment (FDI) for 216-megawatt (MW) Upper Trishuli 1, 50 MW Marshyangdi Besi and 37 MW Upper Trishuli-3B, confirmed IBN chief executive officer Maha Prasad Adhikari.
“While the IBN has approved Rs 65 billion investment for Upper Trishuli 1, Rs 11.77 billion has been approved for Marshyangdi Besi and Rs 8.22 billion for Upper Trishuli-3B,” he said, adding that the meeting has also extended the term of compensation dispute committee of the 900 MW Arun-III hydropower project that is looking into various issues and asked it to resolve them within two months.
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