Investment Board Approves Rs 97 Billion Investment For Upper Tamor and Lower Manang-Marsyangdi Hydropower Projects
June 23, 2021 | Investopaper
Investment Board has approved an investment of Rs 97 billion for the construction of Upper Tamor and Lower Manang-Marsyangdi Hydropower Projects. A meeting chaired by Prime Minister KP Sharma Oli in Baluwatar on Tuesday approved the investment of the Upper Tamor Hydropower Project (285 MW) and Lower Manang-Marsyangdi (139.2 MW).
Sanima Hydro Group is going to construct the Upper Tamor Hydropower project with foreign investment from Japan. The Department of Electricity Development has already issued a license for the construction of this project.
Similarly, Butwal Power Company (BPC) is going to construct the Lower Manang-Marsyangdi project with investment from Chinese companies. BPC will own a 20 percent share of the project while the Chinese company will inject 80 percent equity.
The Investment Board, which has approved the draft MoU to study the feasibility of Lower Arun, has also started the process of issuing survey permits for the Lower Arun Hydropower Project (679 MW) to be constructed in the Sankhuwasabha district. The government has already decided to allow SJVN Limited India to build the project. The meeting also discussed the issue of granting survey permission for the Tamor Reservoir Hydropower Project (756 MW).
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