KATHMANDU: The Investment Board Nepal (IBN) has approved investment equivalent to Rs 36.37 billion for the development of four hydropower projects.
The 55th Board Meeting of IBN chaired by Board Chair and Prime Minister Pushpa Kamal Dahal today endorsed the investment for Rolwaling Khola, Chhujung Khola, Dana Khola and Sanibheri hydropower projects.
The meeting reviewed the developments so far regarding moving ahead with the implementation of the Tamor Reservoir-based hydropower project and decided to constitute a high-level committee to give suggestions regarding the project's future course of action.
The meeting also decided to give a study licence to Dolma Himalayan Energy for conducting a study on the solar project of 245 megawatts (MW) capacity and 20MW capacity battery power project in Rajpur Rural Municipality, Dang district.
The IBN has taken into notice the comprehensive feasibility study report presented by the Ricen Energy Company Ltd which was commissioned to carry out a study on the development of 250MW capacity solar energy development project at Kohalpur of Banke and at Banganga of Kapilbastu.
IBN has made a decision to present a proposal before the Council of Ministers for the implementation of the directive order issued by the Supreme Court regarding the Upper Karnali Hydropower Project.
Moreover, the IBN has approved the draft of the memorandum of understanding (MoU) to be signed with a company based in Malaysia for carrying out a study on setting up a chemical fertiliser industry.
On the occasion, Prime Minister Dahal directed all the bodies concerned to carry out more study and analysis so that the determination of cost for hydroelectricity projects is 'bankable' in the coming days, to deepen the required coordination for timely completion of the projects under construction, and to carry out result-oriented works by shortening the processes related to investment approval and project implementation.
