Kathmandu, Aug. 22
The Investment Board of Nepal (IBN) has
approved an investment of Rs. 8.84 billion for the 54-megawatt (MW) Lower
Apsuwa Hydropower Project.
The meeting of the Board on Friday also
decided to form a negotiation committee, led by the Chief Executive Officer of
the Investment Board, Sushil Gyawali, to hold discussions with the developer of
the 800-MW West Seti Hydropower Project regarding the draft of the Project
Development Agreement (PDA) and financial structure and to present a proposal
to the board.
Similarly, the meeting authorised the CEO of
IBN to grant survey permits and request detailed feasibility study reports for
the development and operation of the Panchkhal Special Economic Zone and the
Kathmandu–Hetauda–Birgunj Podway Project. Proposals of these projects were
received as unsolicited proposals – submitted to the IBN without being asked.
Additionally, the meeting approved consent
for the promoter company, Karnali Transmission Company Private Limited (KTCPL),
to conduct a feasibility and environmental study for a new route alignment for
the transmission line of the 900-MW Upper Karnali Hydropower Project.
The meeting was attended by Deputy Prime
Minister and Minister for Finance, as well as Vice-Chairperson of the Board
Bishnu Prasad Paudel, Minister for Physical Infrastructure and Transport
Devendra Dahal, Vice-Chairperson of the National Planning Commission Prof. Dr.
Shivaraj Adhikari, Chief Secretary Ek Narayan Aryal, Governor of Nepal Rastra
Bank Dr. Bishwanath Paudel, and Secretary of the Office of the Prime Minister
and Council of Ministers Raj Kumar Shrestha, along with other high-ranking
officials.
Published in The Rising Nepal daily on 23 August 2025.
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