The board also decided to approve the draft production license for the 669 MW Lower Arun Hydropower Project and authorize the Chief Executive Officer of the Investment Board's office to issue the license, the board said.
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The Investment Board has approved an investment of Rs 93.40 billion.7 million in the 439 MW Betan Karnali Semi-Reservoir Hydropower Project. The 67th meeting of the board also decided to form a negotiation committee for the project development agreement.
The meeting, including Prime Minister Sushila Karki, reviewed the progress of the Investment Board Office for the fiscal year 2081/82 and approved the annual work plan for 2082/83.
The meeting also decided to approve the draft production license for the 669 MW Lower Arun Hydropower Project and authorize the Chief Executive Officer of the Investment Board Office to issue the license, the board said in a statement.
The meeting also decided to submit a proposal to the Council of Ministers for approval of the draft 'Direct Agreement' for the 900 MW Arun-3 Hydropower Project and to extend the deadline for the survey license for the 800 MW West Seti Reservoir Hydropower Project, the statement said.
‘The meeting decided to authorize the Chief Executive Officer of the Office of the Investment Board to issue a survey permit by entering into an understanding for the purpose of preparing a detailed project report for the development and operation of the Auto Service Eco-Industrial Park project (estimated cost 16 billion) submitted as an unsolicited proposal by the project developer company Blazepeak Global Group Limited, Hong Kong,’ the statement said.
Finance Minister Rameshwor Khanal, Minister for Energy, Water Resources and Irrigation Kulman Ghising, Minister for Industry, Commerce and Supplies Anil Kumar Sinha, Chief Secretary Ek Narayan Aryal, and Governor of Nepal Rastra Bank Vishwanath Poudel, among others, participated in the meeting.
