Kathmandu – In a significant step toward Nepal's energy development goals, the Ministry of Energy, Water Resources and Irrigation has officially granted a power generation license for the 439 MW Betan Karnali Hydropower Project. The project is being developed by Betan Karnali Sanchayakarta Hydro Power Company Limited.

At a formal program held at the Ministry, Energy Secretary Suresh Acharya handed over the generation license to the company’s Chief Administrative Officer, Krishna Prasad Acharya, and provided essential instructions and best wishes for timely completion.

Project Revived After Years of Delay

The Betan Karnali project had been stalled for several years, causing frustration among producers, investors, and the public. However, under the clear directives of Energy Minister Deepak Khadka and through coordination with the Indian Upper Karnali Hydro Power Company, the necessary approvals were secured. Secretary Acharya highlighted the government’s renewed commitment to resolving obstacles in national infrastructure projects.

High-Level Participation and Commitment

The licensing ceremony was attended by key stakeholders and public representatives, including Members of Parliament from Karnali and Far-Western Provinces—Pushpa Bahadur Shah, Sher Bahadur Kunwar, and Hridayram Thami.

Managing Director Krishna Prasad Acharya expressed his deep gratitude to Energy Minister Khadka, Secretary Acharya, Director General of the Department of Power Development Navin Singh, and Investment Board CEO Sushil Gyawali for their roles in overcoming regulatory hurdles. He also reaffirmed the company’s dedication to completing the project on schedule.

Project Details and Funding Structure

• Total Capacity: 439 MW (semi-reservoir type)

• Estimated Cost: NPR 93 billion

• Construction Start: Immediate

• Target Completion: Within 5 years

Investment Breakdown:

While financial management remains a challenge, the participation of strong institutional investors and the general public is expected to drive the project to successful completion.

Content Source : 

Image Source : Urjasanchar