Investment Board Nepal approves foreign direct investment worth Rs 146 billion

NL Today

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Kathmandu: The Investment Board Nepal (IBN) has approved Rs 146.22 billion foreign investment and Rs 21.37 billion domestic investment for five hydropower projects.

The 53rd board meeting of IBN chaired by Prime Minister Pushpa Kamal Dahal accepted foreign investment proposals for Lower Arun, Marshyangdi-1 (102 MW), Dudhoshi-2 Reservoir (70 MW), Simbuwa Khola and Upper Modi (43 MW).

A press release issued by the Office of the Investment Board Nepal (OIBN) on Thursday reads that the board decided to accept Rs 33.19 billion for Upper Arun, Rs 20.35 billion for Dudhkoshi-2, Rs 13.44 billion for Simbuwakhola and Rs 7.93 billion for Upper Modi.