The investment board meeting has approved an investment worth 8.84 billion rupees for the Lower Apsuwa hydropower project. The 65th meeting held on Friday under the chairmanship of Prime Minister and Board Chairman KP Sharma Oli approved the investment for 54 MW lower Apsuwa.

The meeting formed a negotiation committee under the coordination of the Chief Executive Officer of the Investment Board with the responsibility of discussing with the developer and submitting proposals to prepare the draft and financial framework of the Project Development Agreement (PDA) of the West Seti Hydropower Project. 

Panchkhal Special Economic Zone Development-Operation Project and Kathmandu-Hetounda-Birgunj Podway Project received as unsolicited proposals, it has been decided to authorize the Chief Executive Officer to issue a detailed feasibility study and survey permit.  The

meeting has agreed to the promoter company Karnali Transmission for new route alignment feasibility and environmental studies of Upper Karnali (900 MW) hydropower transmission line.