Investment Board Nepal (IBN) has sanctioned investment commitments totaling Rs 99.20 billion for four significant energy projects

The 57th Board meeting of the Investment Board Nepal chaired by Rt. Hon’ble Prime Minister Mr. Pushpa Kamal Dahal ‘Prachanda’ approved investments worth NPR 99.20 billion for four energy projects- Super Tamor, Upper Modi A, Lower Manang HEPs & 250 MW Solar Energy Project. Further, the Board instructed the concerned agencies to convene Nepal Investment Summit 2024 effectively.

The approved projects include:

1. The 166-megawatt Super Tamor Project (Rs 34.59 billion)
2. The 42-megawatt Upper Modi-A Project (Rs 10.08 billion)
3. The 250-megawatt Solar Plant Kohalpur and Banganga (Risen Energy Singapore- Rs 21.10 billion)
4. The 139.2-megawatt Lower Manang Marsyangdi Hydro Electricity Project (Rs 33.41 billion).

The IBN stated that the Solar Plant Project and the Lower Manang Marsyangdi project are foreign investment ventures.