The 439 MW Betan Karnali Hydroelectricity Project has advanced after receiving a generation license and investment approval worth Rs 93.40 billion from the Investment Board. The project, led by the Employees Provident Fund, is currently finalizing a power purchase agreement with the Nepal Electricity Authority. Managing Director Krishna Prasad Acharya said earlier disagreements with India-based firm GMR regarding reservoir height were resolved through board-level coordination. The project includes construction of a 140-meter-high dam and carries an estimated total cost of Rs 88.19 billion, including interest. Work on a 95-kilometer access road has already begun.
