Kathmandu – The 65th meeting of the Investment Board Nepal (IBN) has approved an investment of Rs 8.84 billion for the construction of the 54-megawatt Lower Apsuwa Hydropower Project. The decision marks a significant step toward expanding Nepal’s clean energy capacity through mid-sized hydropower infrastructure.

Progress on Large-Scale Hydropower Projects

In addition to the Lower Apsuwa approval, the Board also made key decisions regarding two major hydropower initiatives:

• Paschim Seti Hydropower Project (800 MW):
  The meeting resolved to form a negotiation committee under the leadership of the Chief Executive Officer (CEO) of IBN. The committee will be responsible for engaging with the project developer to:

  • Finalize the draft Project Development Agreement (PDA)

  • Discuss the financial framework

  • Address other pending matters
    A final proposal will be submitted to the Board upon conclusion of the negotiations.

• Upper Karnali Transmission Alignment (900 MW):
  The Board granted consent to Karnali Transmission Company Pvt. Ltd. to carry out a feasibility study and environmental assessment for a new alignment of the transmission line for the Upper Karnali Hydropower Project.

These strategic decisions highlight the government’s ongoing efforts to accelerate the development of large-scale energy infrastructure, improve transmission capacity, and enhance investor confidence in Nepal’s growing hydropower sector.

Image Source : Urjasanchar

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