Investment worth 36.37 billion for 4 Hydropower Projects approved

KATHMANDU, Aug 25: The Investment Board has approved the investment worth Rs. 36 billion 370 million for four Hydropower Projects, namely, Rolwaling Khola Hydropower Project, Chhujung Khola Hydropower Project, Dana Khola Hydropower Project and Sanibheri Hydropower Project.

In the 55th meeting of the Investment Board that was held on Friday under the chairmanship of Prime Minister and Investment Board Chairman Pushpa Kamal Dahal ‘Prachanda’, the investment worth Rs. 36 billion 370 million was approved for the four Hydropower Projects.

Similarly, it was decided in the meeting to form a high-level committee to review the current progress regarding the implementation of the Tamor Reservoir Hydropower Project and submit suggestions regarding the future work direction of the project.

Likewise, it has been decided to grant a study permit to Dolpa Himalayan Energy for the study of solar energy projects of 245 MW and 20 MW battery capacities in the Rajpur Rural Municipality of the Dang district.

In addition, the board has also taken note of the detailed feasibility study report submitted by the researcher ‘Risen Energy’ for the development of 250 MW of solar energy in Kohalpur of the Banke district and in Vanganga of the Kapilvastu district.

The Board has also decided to submit a proposal to the Council of Ministers for the implementation of the directive order issued by the Supreme Court regarding the Upper Karnali Hydropower Project.
PM Dahal, in the meeting, said that an important decision was made after intensive discussions regarding various projects. The Prime Minister instructed all related agencies to conduct more studies and analyses so that the project costs of hydropower projects can be bankable in the future, to strengthen the necessary coordination for timely completion of the projects under implementation, and to reduce the investment approval as well as the processes involved in the implementation of the project in order to carry out quick and result-oriented work.