The 67th meeting of the Nepal Investment Board chaired by Prime Minister Sushila Karki held at the Prime Minister’s office in Baluwatar, Kathmandu on Wednesday has taken a number of decisions to facilitate Indian companies developing hydropower projects in NEA.
The meeting approved investment for Betan Karnali Hydropower Project, a 439 MW semi-reservoir based project, with an estimated cost of NRs. 93,407,636,000 and to form a talks team for signing a project development agreement for the same.
The board also decided to authorize CEO of IBN Sushil Gyewali to issue license for Lower Arun Hydropower Project (669 MW) after approving the draft of the power generation license.
The meeting also decided to submit a proposal to Nepal government, council of ministers for approval of draft for a direct agreement for Arun III hydropower project being developed by India’s Satlaj Jala Vidyut Nigam (SJVN)
The meeting also decided to extend the date of survey license for reservoir based West Seti hydropower project (800 MW) being developed by NHPC of India. Earlier, China’s Three Gorges Company had received the license to develop West Seti Hydropower Project but later on as it had failed to make progress on time.
