The Investment Board Nepal (IBN) has approved an investment of Rs 93.40 billion for the 439 MW Betan Karnali Semi-Reservoir Hydropower Project. A meeting chaired by Prime Minister Sushila Karki formed a negotiation team to draft the Project Development Agreement. The Board also endorsed a draft generation licence for the 669 MW Lower Arun Project and moved to seek Cabinet approval for the Direct Agreement of the 900 MW Arun-III project. Additionally, the survey licence for the 800 MW West Seti project was extended. The Board advanced an MoU and survey licence for a Rs 16 billion Auto Service Eco-Industrial Park and approved staffing and regulatory adjustments.
