Rs97 billion for new hydropower

The Investment Board Nepal this week approved foreign investment worth Rs97 billion for two hydropower projects, the 285MW Tamor and 139.2MW Lower Manang on the Marsyangdi. India’s SJVN is also being issued a survey permit for a detailed feasibility study of the 679MW Lower Arun project in Sankhuwasabha.

Likewise, the meeting directed the Ministry of Energy, Water Resources and Irrigation to improve the laws to address the ambiguity regarding the survey permission for the Tamor Reservoir Hydropower Project (756 MW). It also formed a committee to study and prepare a blueprint for the development and investment of the West Seti and SR-6 joint hydropower projects.