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The 60th board meeting of the Investment Board has approved the investment of various hydropower projects including Budhigandaki.
Prime Minister KP Sharma Oli chaired the meeting held on Thursday at Singha Darbar for the 341 MW capacity of Budhigandaki hydropower project. 70 billion, 23 billion 59 billion for the Jagdulla semi-reservoir hydropower project with a capacity of 106 MW and for the Chainpur Seti project with a capacity of 210 MW 47 billion 54 million rupees investment approval has been decided.
Similarly, the meeting has 327 megawatt capacity Upper Marsyangdi and Samrat Cement Company Ltd It has extended the deadline and decided to increase the capacity of West Seti hydropower project from 750 MW to 800 MW and to amend the license of the area connected to the four forts. In addition, a decision has been made to change the shares of the Upper Karnali hydropower project and revise the contract.
Prime Minister Oli urged the relevant agencies to work in a coordinated manner to create a proper environment for investment in the country and to work carefully in the journey of prosperity. In the
meeting, the chief executive officer of the board, Sushil Gyawali, informed that based on the previous decision of October 22, a draft of the board's strategic and business plan has been prepared and discussed with the concerned parties.
