The Investment Board of Nepal (IBN) – chaired by Prime Minister KP Sharma Oli today – approved a total of Rs 38.68 billion worth of investments for three hydropower projects with a total capacity of around 200 megawatts (MW).
The 45th meeting of the board decided to approve investments worth Rs 38.68 billion for three hydropower projects that will be built on public private partnership (PPP) modality, according to a press note issued by the board.
The hydropower projects getting the approval from the Investment Board are 77.5 MW Ghunsakhola Hydropower Project (Rs 17.62 billion), 57 MW Himchuli Dordi Hydropower Project (Rs 10.62 billion) and 65 MW capacity Dudhkhola Hydropower Project (Rs 10.44 billion), the press note reads, adding that
At the first meeting – after the government appointed Sushil Bhatta as its new chief executive officer in August – the Prime Minister also said that the board meeting could not be held regularly due to Covid-19.
He also assured to continue the meeting regularly. The board – on the occasion – also welcomed newly appointed finance minister Bishnu Paudel as the board vice chair today.
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