The government has approved an additional Rs 73 billion investment in two hydroelectric projects 

The government gave its approval on Saturday for the injection of an additional Rs 73 billion in capital into the building and development of two hydroelectricity projects in the country.

During the 48th meeting of the Investment Board Nepal (IBN), which was presided over by Prime Minister Sher Bahadur Deuba, an investment of Rs 10.50 billion in the 56MW Jum Khola Hydropower Project was approved. Sanima Hydropower Pvt Ltd will be in charge of the construction of the run-of-river hydroelectric plant. Construction on the project at Jum Khola, Lamabagar, Dolakha district, began in July after the company was granted permission by the industry’s regulatory body to do so.

Arun-III Hydropower Project, which has a capacity of 900MW, was also granted permission by the IBN to enhance its capital investment by Rs 62.26 billion, according to the IBN. The power project, which is being developed by the Indian company Satluj Jal Vidyut Nigam Limited, is located in the eastern Nepali district of Sankhuwasabha.