Decision to approve investment in two semi-reservoir hydropower projects

Kathmandu, Oct 9: The Investment Board has decided to approve investment in two semi-reservoir hydropower projects.     

The 68th meeting of the Investment Board chaired by Prime Minister Balendra Shah on Friday decided to endorse the investment in the Narkhola Semi-Reservoir Hydropower Project (58.9 MW) with the cost of Rs 10.75 billion and the Sani Bheri-3 Semi-Reservoir Hydropower Project (46.72 MW) with the cost of Rs 10.42 billion.     

Commercial power production from the Arun-3 Hydropower Project (900 MW) will be ensured by February 2028. Construction of the Upper Karnali Hydropower Project (900 MW) will be forwarded immediately in line with the project development agreement.