Chilime Hydropower proposes Investment Board to construct two hydropower projects with capacity 168 MW
KATHMANDU, Oct 15: Chilime Hydropower Company Limited (CHCL) has proposed Investment Board Nepal (IBN) to build two hydropower projects with a total capacity of 168 MW.
KATHMANDU, Aug 25: The Investment Board Nepal (IBN) has granted approval for a substantial investment of Rs 36.37 billion across four hydropower projects. In its 55th meeting convened on Friday, the IBN greenlit this investment for the Rolwaling River, Chujung River, Dana River, and Saniveri hydropower ventures.
KATHMANDU, Aug 25: The Investment Board Nepal (IBN) has granted approval for a substantial investment of Rs 36.37 billion across four hydropower projects. In its 55th meeting convened on Friday, the IBN greenlit this investment for the Rolwaling River, Chujung River, Dana River, and Saniveri hydropower ventures.
KATHMANDU: The Investment Board Nepal (IBN) has approved investment equivalent to Rs 36.37 billion for the development of four hydropower projects. A meeting of IBN chaired by Board Chair and Prime Minister Pushpa Kamal Dahal ‘Prachanda’ today endorsed the investment for the Rolwaling Khola, Chhujung Khola, Dana Khola and Sanibheri hydropower projects. The meeting reviewed […]
The Investment Board Nepal (IBN) has approved an investment equivalent to Rs 36.37 billion for the development of four hydropower projects.
The post Investment Board Nepal approves investment for four hydropower projects appeared first on OnlineKhabar English News.
KATHMANDU, August 19: A memorandum of understanding (MoU) has been signed between the Investment Board Nepal (IBN) and the Indian company NHPC Limited to conduct a detailed project study survey permit of 750 MW West Seti and 450 MW Seti River 6 hydropower projects.
KATHMANDU, August 18: India will be entrusted with the construction of two large hydropower projects in Nepal. In the presence of Prime Minister Sher Bahadur Deuba, a study committee was formed under the coordination of Investment Board Nepal’s CEO Sushil Bhatta and according to the report of the same committee, the agreement will be signed this evening. The IBN is about to enter into an agreement with the approval of the Council of Ministers.
KATHMANDU: The Investment Board Nepal (IBN) has approved investments worth approximately Rs 73 billion for the construction and development of two hydropower
KATHMANDU: The Investment Board Nepal (IBN) has approved investments worth approximately Rs 73 billion for the construction and development of two hydropower projects.
The 48th meeting of the IBN presided over by its chairperson and Prime Minister Sher Bahadur Deuba on Saturday took the decision to this effect.
As per the investment approval, the 56-megawatt Jumkhola hydropower project based in Dolakha district will attract investment of around Rs 10.5 billion while the 900-megawatt Arun III hydropower project based in Sankhuwasabha district will receive an investment of Rs 62.26 billion.
Likewise, the meeting also decided to form a high-level study committee under the coordination of IBN vice-chairperson for the committee to submit a report relating to the 900-megawatt Upper Karnali hydropower project to the IBN within 45 days.
The committee comprises representatives from the Ministries of Finance, Energy, Water Resources and Irrigation and Law, Justice and Parliamentary Affairs, the IBN chief executive officer and an expert. IBN joint secretary is the member secretary of the committee as informed.
Similarly, it was decided to approve the annual budget and programs of the IBN for the fiscal year, 2021/22 and approve the share purchase and sale agreement of Samrat Cement and the Upper Trishuli-1 hydropower project.
On the occasion, PM Deuba directed all concerned sectors to make a long-term plan relating to electricity consumption increment and create an environment conducive for investment.
IBN chief executive officer Sushil Bhatta apprised the event of the progress of projects launched by the IBN and its progress and activities.
Present on the occasion were Finance Minister and IBN Vice-Chairperson Janardan Sharma, Minister for Energy, Water Resources and Irrigation Pampha Bhusal, Minister for Industry, Commerce and Supplies Gajendra Bahadur Hamal, Minister for Forest and Environment Ram Sahaya Prasad Yadav, National Planning Commission Vice Chairperson Dr Bishwonath Poudel, Chief Secretary Shankar Das Bairagi, IBN members Hari Bhakta Sharma, Bhawani Rana and Rajesh Kaji Shrestha and high ranking government, officials
