Investment Board Approved Rs. 271 Billion for 9 Projects

July 28, 2024 | Investopaper

The Investment Board of Nepal approved investments amounting to Rs. 271.26 billion for nine projects in the last fiscal year 080/81. This is up from Rs. 167.59 billion for five projects in the previous fiscal year. In the fiscal year 2078/79,  the board had 219 billion was approved.

Significant approvals include Huaxin Cement, Rolwaling Khola Hydropower (22 MW), Chujung Khola Hydropower (63 MW), Dana Khola Hydropower (49.95 MW), Sanibheri Hydropower (44.52 MW), Upper Karnali Hydropower (900 MW), Super Tamor Hydropower (166 MW), Upper Modi ‘A’ Hydropower (42 MW), and a solar energy project in Kohalpur and Banganga (250 MW).

In the previous year, the board approved Rs. 92.68 billion for Lower Arun Hydropower (669 MW), Rs. 33.19 billion for Upper Marsyangdi-1 (102 MW), Rs. 20.35 billion for Dudh Koshi-2 (70 MW), Rs. 13.44 billion for Simbuwa Khola (70.3 MW), and Rs. 7.93 billion for Upper Madi Khola (43 MW).

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