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<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The 47th board meeting of the Investment Board chaired by Prime Minister KP Sharma Oli on June 22 approved foreign investment of around Rs 97 billion for various projects.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The meeting discussed the Upper Tamor Hydropower Project (285 MW) with an estimated cost of USD 540 million and the Lower Manang-Marsyangdi Hydropower Project (139.2 MW) with an estimated cost of Rs 33.41 billion. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Similarly, the Investment Board has been instructed to make necessary preparations for the project development agreement with the developer by approving the detailed project report of China-Nepal Friendship Industrial Park, the largest industrial park in the country proposed to be constructed in Damak, Jhapa under public-private partnership model.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The meeting also approved the draft of the memorandum of understanding to be signed with project developer SJVN Limited India to issue a survey license for the detailed feasibility study of the Lower Arun Hydropower Project (679 MW) to be constructed in Sankhuwasabha district.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The meeting has also decided to direct the Ministry of Energy, Water Resources, and Irrigation to make necessary legal reforms by addressing the ambiguities in granting survey permission for the Tamor Reservoir Hydropower Project (756 MW).</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The meeting has formed a committee under the coordination of the Vice-Chairman of the National Planning Commission to study and prepare a blueprint for the development and investment of the West Seti and SR-6 joint hydropower projects.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The meeting also approved the 'Procedure on Recommendation of Foreign Exchange and Transfer Facility, 2078' for the institutional reform and management of the working system of the Investment Board.</span></span></span></p>
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<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">"The mistakes of the past should not be repeated. If we generate electricity but are not able to build transmission lines, we will have to pay for the unused electricity in accordance to the PPA," he said.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">During the meeting, Finance Minister and Vice-Chairman of the Board, Bishnu Poudel, said that the proposals submitted to the Investment Board would help in the economic development of the country.</span></span></span></p>
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<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The meeting discussed the Upper Tamor Hydropower Project (285 MW) with an estimated cost of USD 540 million and the Lower Manang-Marsyangdi Hydropower Project (139.2 MW) with an estimated cost of Rs 33.41 billion. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Similarly, the Investment Board has been instructed to make necessary preparations for the project development agreement with the developer by approving the detailed project report of China-Nepal Friendship Industrial Park, the largest industrial park in the country proposed to be constructed in Damak, Jhapa under public-private partnership model.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The meeting also approved the draft of the memorandum of understanding to be signed with project developer SJVN Limited India to issue a survey license for the detailed feasibility study of the Lower Arun Hydropower Project (679 MW) to be constructed in Sankhuwasabha district.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The meeting has also decided to direct the Ministry of Energy, Water Resources, and Irrigation to make necessary legal reforms by addressing the ambiguities in granting survey permission for the Tamor Reservoir Hydropower Project (756 MW).</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The meeting has formed a committee under the coordination of the Vice-Chairman of the National Planning Commission to study and prepare a blueprint for the development and investment of the West Seti and SR-6 joint hydropower projects.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The meeting also approved the 'Procedure on Recommendation of Foreign Exchange and Transfer Facility, 2078' for the institutional reform and management of the working system of the Investment Board.</span></span></span></p>
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<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">"The mistakes of the past should not be repeated. If we generate electricity but are not able to build transmission lines, we will have to pay for the unused electricity in accordance to the PPA," he said.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">During the meeting, Finance Minister and Vice-Chairman of the Board, Bishnu Poudel, said that the proposals submitted to the Investment Board would help in the economic development of the country.</span></span></span></p>
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<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The meeting discussed the Upper Tamor Hydropower Project (285 MW) with an estimated cost of USD 540 million and the Lower Manang-Marsyangdi Hydropower Project (139.2 MW) with an estimated cost of Rs 33.41 billion. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Similarly, the Investment Board has been instructed to make necessary preparations for the project development agreement with the developer by approving the detailed project report of China-Nepal Friendship Industrial Park, the largest industrial park in the country proposed to be constructed in Damak, Jhapa under public-private partnership model.</span></span></span></p>
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<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The meeting has also decided to direct the Ministry of Energy, Water Resources, and Irrigation to make necessary legal reforms by addressing the ambiguities in granting survey permission for the Tamor Reservoir Hydropower Project (756 MW).</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The meeting has formed a committee under the coordination of the Vice-Chairman of the National Planning Commission to study and prepare a blueprint for the development and investment of the West Seti and SR-6 joint hydropower projects.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The meeting also approved the 'Procedure on Recommendation of Foreign Exchange and Transfer Facility, 2078' for the institutional reform and management of the working system of the Investment Board.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Prime Minister Oli during the meeting instructed concerned authorities to take a decision on the hydropower project only after considering the transmission line, consumption of electricity generated from it, and export potential. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">"The mistakes of the past should not be repeated. If we generate electricity but are not able to build transmission lines, we will have to pay for the unused electricity in accordance to the PPA," he said.</span></span></span></p>
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<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The meeting discussed the Upper Tamor Hydropower Project (285 MW) with an estimated cost of USD 540 million and the Lower Manang-Marsyangdi Hydropower Project (139.2 MW) with an estimated cost of Rs 33.41 billion. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Similarly, the Investment Board has been instructed to make necessary preparations for the project development agreement with the developer by approving the detailed project report of China-Nepal Friendship Industrial Park, the largest industrial park in the country proposed to be constructed in Damak, Jhapa under public-private partnership model.</span></span></span></p>
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<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The meeting has also decided to direct the Ministry of Energy, Water Resources, and Irrigation to make necessary legal reforms by addressing the ambiguities in granting survey permission for the Tamor Reservoir Hydropower Project (756 MW).</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The meeting has formed a committee under the coordination of the Vice-Chairman of the National Planning Commission to study and prepare a blueprint for the development and investment of the West Seti and SR-6 joint hydropower projects.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The meeting also approved the 'Procedure on Recommendation of Foreign Exchange and Transfer Facility, 2078' for the institutional reform and management of the working system of the Investment Board.</span></span></span></p>
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<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">"The mistakes of the past should not be repeated. If we generate electricity but are not able to build transmission lines, we will have to pay for the unused electricity in accordance to the PPA," he said.</span></span></span></p>
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<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The 47th board meeting of the Investment Board chaired by Prime Minister KP Sharma Oli on June 22 approved foreign investment of around Rs 97 billion for various projects.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The meeting discussed the Upper Tamor Hydropower Project (285 MW) with an estimated cost of USD 540 million and the Lower Manang-Marsyangdi Hydropower Project (139.2 MW) with an estimated cost of Rs 33.41 billion. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Similarly, the Investment Board has been instructed to make necessary preparations for the project development agreement with the developer by approving the detailed project report of China-Nepal Friendship Industrial Park, the largest industrial park in the country proposed to be constructed in Damak, Jhapa under public-private partnership model.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The meeting also approved the draft of the memorandum of understanding to be signed with project developer SJVN Limited India to issue a survey license for the detailed feasibility study of the Lower Arun Hydropower Project (679 MW) to be constructed in Sankhuwasabha district.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The meeting has also decided to direct the Ministry of Energy, Water Resources, and Irrigation to make necessary legal reforms by addressing the ambiguities in granting survey permission for the Tamor Reservoir Hydropower Project (756 MW).</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The meeting has formed a committee under the coordination of the Vice-Chairman of the National Planning Commission to study and prepare a blueprint for the development and investment of the West Seti and SR-6 joint hydropower projects.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The meeting also approved the 'Procedure on Recommendation of Foreign Exchange and Transfer Facility, 2078' for the institutional reform and management of the working system of the Investment Board.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Prime Minister Oli during the meeting instructed concerned authorities to take a decision on the hydropower project only after considering the transmission line, consumption of electricity generated from it, and export potential. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">"The mistakes of the past should not be repeated. If we generate electricity but are not able to build transmission lines, we will have to pay for the unused electricity in accordance to the PPA," he said.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">During the meeting, Finance Minister and Vice-Chairman of the Board, Bishnu Poudel, said that the proposals submitted to the Investment Board would help in the economic development of the country.</span></span></span></p>
<p> </p>
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<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The 47th board meeting of the Investment Board chaired by Prime Minister KP Sharma Oli on June 22 approved foreign investment of around Rs 97 billion for various projects.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The meeting discussed the Upper Tamor Hydropower Project (285 MW) with an estimated cost of USD 540 million and the Lower Manang-Marsyangdi Hydropower Project (139.2 MW) with an estimated cost of Rs 33.41 billion. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Similarly, the Investment Board has been instructed to make necessary preparations for the project development agreement with the developer by approving the detailed project report of China-Nepal Friendship Industrial Park, the largest industrial park in the country proposed to be constructed in Damak, Jhapa under public-private partnership model.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The meeting also approved the draft of the memorandum of understanding to be signed with project developer SJVN Limited India to issue a survey license for the detailed feasibility study of the Lower Arun Hydropower Project (679 MW) to be constructed in Sankhuwasabha district.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The meeting has also decided to direct the Ministry of Energy, Water Resources, and Irrigation to make necessary legal reforms by addressing the ambiguities in granting survey permission for the Tamor Reservoir Hydropower Project (756 MW).</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The meeting has formed a committee under the coordination of the Vice-Chairman of the National Planning Commission to study and prepare a blueprint for the development and investment of the West Seti and SR-6 joint hydropower projects.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The meeting also approved the 'Procedure on Recommendation of Foreign Exchange and Transfer Facility, 2078' for the institutional reform and management of the working system of the Investment Board.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Prime Minister Oli during the meeting instructed concerned authorities to take a decision on the hydropower project only after considering the transmission line, consumption of electricity generated from it, and export potential. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">"The mistakes of the past should not be repeated. If we generate electricity but are not able to build transmission lines, we will have to pay for the unused electricity in accordance to the PPA," he said.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">During the meeting, Finance Minister and Vice-Chairman of the Board, Bishnu Poudel, said that the proposals submitted to the Investment Board would help in the economic development of the country.</span></span></span></p>
<p> </p>
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<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The 47th board meeting of the Investment Board chaired by Prime Minister KP Sharma Oli on June 22 approved foreign investment of around Rs 97 billion for various projects.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The meeting discussed the Upper Tamor Hydropower Project (285 MW) with an estimated cost of USD 540 million and the Lower Manang-Marsyangdi Hydropower Project (139.2 MW) with an estimated cost of Rs 33.41 billion. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Similarly, the Investment Board has been instructed to make necessary preparations for the project development agreement with the developer by approving the detailed project report of China-Nepal Friendship Industrial Park, the largest industrial park in the country proposed to be constructed in Damak, Jhapa under public-private partnership model.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The meeting also approved the draft of the memorandum of understanding to be signed with project developer SJVN Limited India to issue a survey license for the detailed feasibility study of the Lower Arun Hydropower Project (679 MW) to be constructed in Sankhuwasabha district.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The meeting has also decided to direct the Ministry of Energy, Water Resources, and Irrigation to make necessary legal reforms by addressing the ambiguities in granting survey permission for the Tamor Reservoir Hydropower Project (756 MW).</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The meeting has formed a committee under the coordination of the Vice-Chairman of the National Planning Commission to study and prepare a blueprint for the development and investment of the West Seti and SR-6 joint hydropower projects.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The meeting also approved the 'Procedure on Recommendation of Foreign Exchange and Transfer Facility, 2078' for the institutional reform and management of the working system of the Investment Board.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Prime Minister Oli during the meeting instructed concerned authorities to take a decision on the hydropower project only after considering the transmission line, consumption of electricity generated from it, and export potential. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">"The mistakes of the past should not be repeated. If we generate electricity but are not able to build transmission lines, we will have to pay for the unused electricity in accordance to the PPA," he said.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">During the meeting, Finance Minister and Vice-Chairman of the Board, Bishnu Poudel, said that the proposals submitted to the Investment Board would help in the economic development of the country.</span></span></span></p>
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<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The 47th board meeting of the Investment Board chaired by Prime Minister KP Sharma Oli on June 22 approved foreign investment of around Rs 97 billion for various projects.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The meeting discussed the Upper Tamor Hydropower Project (285 MW) with an estimated cost of USD 540 million and the Lower Manang-Marsyangdi Hydropower Project (139.2 MW) with an estimated cost of Rs 33.41 billion. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Similarly, the Investment Board has been instructed to make necessary preparations for the project development agreement with the developer by approving the detailed project report of China-Nepal Friendship Industrial Park, the largest industrial park in the country proposed to be constructed in Damak, Jhapa under public-private partnership model.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The meeting also approved the draft of the memorandum of understanding to be signed with project developer SJVN Limited India to issue a survey license for the detailed feasibility study of the Lower Arun Hydropower Project (679 MW) to be constructed in Sankhuwasabha district.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The meeting has also decided to direct the Ministry of Energy, Water Resources, and Irrigation to make necessary legal reforms by addressing the ambiguities in granting survey permission for the Tamor Reservoir Hydropower Project (756 MW).</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The meeting has formed a committee under the coordination of the Vice-Chairman of the National Planning Commission to study and prepare a blueprint for the development and investment of the West Seti and SR-6 joint hydropower projects.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The meeting also approved the 'Procedure on Recommendation of Foreign Exchange and Transfer Facility, 2078' for the institutional reform and management of the working system of the Investment Board.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Prime Minister Oli during the meeting instructed concerned authorities to take a decision on the hydropower project only after considering the transmission line, consumption of electricity generated from it, and export potential. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">"The mistakes of the past should not be repeated. If we generate electricity but are not able to build transmission lines, we will have to pay for the unused electricity in accordance to the PPA," he said.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">During the meeting, Finance Minister and Vice-Chairman of the Board, Bishnu Poudel, said that the proposals submitted to the Investment Board would help in the economic development of the country.</span></span></span></p>
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June 23: The Investment Board Nepal has approved foreign investment of Rs 97 billion.
The 47th board meeting of the Investment Board chaired by Prime Minister KP Sharma Oli on June 22 approved foreign investment of around Rs 97 billion for various projects.
The meeting discussed the Upper Tamor Hydropower Project (285 MW) with an estimated cost of USD 540 million and the Lower Manang-Marsyangdi Hydropower Project (139.2 MW) with an estimated cost of Rs 33.41 billion.
Similarly, the Investment Board has been instructed to make necessary preparations for the project development agreement with the developer by approving the detailed project report of China-Nepal Friendship Industrial Park, the largest industrial park in the country proposed to be constructed in Damak, Jhapa under public-private partnership model.
The meeting also approved the draft of the memorandum of understanding to be signed with project developer SJVN Limited India to issue a survey license for the detailed feasibility study of the Lower Arun Hydropower Project (679 MW) to be constructed in Sankhuwasabha district.
The meeting has also decided to direct the Ministry of Energy, Water Resources, and Irrigation to make necessary legal reforms by addressing the ambiguities in granting survey permission for the Tamor Reservoir Hydropower Project (756 MW).
The meeting has formed a committee under the coordination of the Vice-Chairman of the National Planning Commission to study and prepare a blueprint for the development and investment of the West Seti and SR-6 joint hydropower projects.
The meeting also approved the 'Procedure on Recommendation of Foreign Exchange and Transfer Facility, 2078' for the institutional reform and management of the working system of the Investment Board.
Prime Minister Oli during the meeting instructed concerned authorities to take a decision on the hydropower project only after considering the transmission line, consumption of electricity generated from it, and export potential.
"The mistakes of the past should not be repeated. If we generate electricity but are not able to build transmission lines, we will have to pay for the unused electricity in accordance to the PPA," he said.
During the meeting, Finance Minister and Vice-Chairman of the Board, Bishnu Poudel, said that the proposals submitted to the Investment Board would help in the economic development of the country.
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<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The 47th board meeting of the Investment Board chaired by Prime Minister KP Sharma Oli on June 22 approved foreign investment of around Rs 97 billion for various projects.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The meeting discussed the Upper Tamor Hydropower Project (285 MW) with an estimated cost of USD 540 million and the Lower Manang-Marsyangdi Hydropower Project (139.2 MW) with an estimated cost of Rs 33.41 billion. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Similarly, the Investment Board has been instructed to make necessary preparations for the project development agreement with the developer by approving the detailed project report of China-Nepal Friendship Industrial Park, the largest industrial park in the country proposed to be constructed in Damak, Jhapa under public-private partnership model.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The meeting also approved the draft of the memorandum of understanding to be signed with project developer SJVN Limited India to issue a survey license for the detailed feasibility study of the Lower Arun Hydropower Project (679 MW) to be constructed in Sankhuwasabha district.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The meeting has also decided to direct the Ministry of Energy, Water Resources, and Irrigation to make necessary legal reforms by addressing the ambiguities in granting survey permission for the Tamor Reservoir Hydropower Project (756 MW).</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The meeting has formed a committee under the coordination of the Vice-Chairman of the National Planning Commission to study and prepare a blueprint for the development and investment of the West Seti and SR-6 joint hydropower projects.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The meeting also approved the 'Procedure on Recommendation of Foreign Exchange and Transfer Facility, 2078' for the institutional reform and management of the working system of the Investment Board.</span></span></span></p>
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<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">"The mistakes of the past should not be repeated. If we generate electricity but are not able to build transmission lines, we will have to pay for the unused electricity in accordance to the PPA," he said.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">During the meeting, Finance Minister and Vice-Chairman of the Board, Bishnu Poudel, said that the proposals submitted to the Investment Board would help in the economic development of the country.</span></span></span></p>
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<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The 47th board meeting of the Investment Board chaired by Prime Minister KP Sharma Oli on June 22 approved foreign investment of around Rs 97 billion for various projects.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The meeting discussed the Upper Tamor Hydropower Project (285 MW) with an estimated cost of USD 540 million and the Lower Manang-Marsyangdi Hydropower Project (139.2 MW) with an estimated cost of Rs 33.41 billion. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Similarly, the Investment Board has been instructed to make necessary preparations for the project development agreement with the developer by approving the detailed project report of China-Nepal Friendship Industrial Park, the largest industrial park in the country proposed to be constructed in Damak, Jhapa under public-private partnership model.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The meeting also approved the draft of the memorandum of understanding to be signed with project developer SJVN Limited India to issue a survey license for the detailed feasibility study of the Lower Arun Hydropower Project (679 MW) to be constructed in Sankhuwasabha district.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The meeting has also decided to direct the Ministry of Energy, Water Resources, and Irrigation to make necessary legal reforms by addressing the ambiguities in granting survey permission for the Tamor Reservoir Hydropower Project (756 MW).</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The meeting has formed a committee under the coordination of the Vice-Chairman of the National Planning Commission to study and prepare a blueprint for the development and investment of the West Seti and SR-6 joint hydropower projects.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The meeting also approved the 'Procedure on Recommendation of Foreign Exchange and Transfer Facility, 2078' for the institutional reform and management of the working system of the Investment Board.</span></span></span></p>
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<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">"The mistakes of the past should not be repeated. If we generate electricity but are not able to build transmission lines, we will have to pay for the unused electricity in accordance to the PPA," he said.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">During the meeting, Finance Minister and Vice-Chairman of the Board, Bishnu Poudel, said that the proposals submitted to the Investment Board would help in the economic development of the country.</span></span></span></p>
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<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Similarly, the Investment Board has been instructed to make necessary preparations for the project development agreement with the developer by approving the detailed project report of China-Nepal Friendship Industrial Park, the largest industrial park in the country proposed to be constructed in Damak, Jhapa under public-private partnership model.</span></span></span></p>
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<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The meeting has also decided to direct the Ministry of Energy, Water Resources, and Irrigation to make necessary legal reforms by addressing the ambiguities in granting survey permission for the Tamor Reservoir Hydropower Project (756 MW).</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The meeting has formed a committee under the coordination of the Vice-Chairman of the National Planning Commission to study and prepare a blueprint for the development and investment of the West Seti and SR-6 joint hydropower projects.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The meeting also approved the 'Procedure on Recommendation of Foreign Exchange and Transfer Facility, 2078' for the institutional reform and management of the working system of the Investment Board.</span></span></span></p>
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<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">"The mistakes of the past should not be repeated. If we generate electricity but are not able to build transmission lines, we will have to pay for the unused electricity in accordance to the PPA," he said.</span></span></span></p>
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<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The meeting discussed the Upper Tamor Hydropower Project (285 MW) with an estimated cost of USD 540 million and the Lower Manang-Marsyangdi Hydropower Project (139.2 MW) with an estimated cost of Rs 33.41 billion. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Similarly, the Investment Board has been instructed to make necessary preparations for the project development agreement with the developer by approving the detailed project report of China-Nepal Friendship Industrial Park, the largest industrial park in the country proposed to be constructed in Damak, Jhapa under public-private partnership model.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The meeting also approved the draft of the memorandum of understanding to be signed with project developer SJVN Limited India to issue a survey license for the detailed feasibility study of the Lower Arun Hydropower Project (679 MW) to be constructed in Sankhuwasabha district.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The meeting has also decided to direct the Ministry of Energy, Water Resources, and Irrigation to make necessary legal reforms by addressing the ambiguities in granting survey permission for the Tamor Reservoir Hydropower Project (756 MW).</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The meeting has formed a committee under the coordination of the Vice-Chairman of the National Planning Commission to study and prepare a blueprint for the development and investment of the West Seti and SR-6 joint hydropower projects.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The meeting also approved the 'Procedure on Recommendation of Foreign Exchange and Transfer Facility, 2078' for the institutional reform and management of the working system of the Investment Board.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Prime Minister Oli during the meeting instructed concerned authorities to take a decision on the hydropower project only after considering the transmission line, consumption of electricity generated from it, and export potential. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">"The mistakes of the past should not be repeated. If we generate electricity but are not able to build transmission lines, we will have to pay for the unused electricity in accordance to the PPA," he said.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">During the meeting, Finance Minister and Vice-Chairman of the Board, Bishnu Poudel, said that the proposals submitted to the Investment Board would help in the economic development of the country.</span></span></span></p>
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<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The meeting discussed the Upper Tamor Hydropower Project (285 MW) with an estimated cost of USD 540 million and the Lower Manang-Marsyangdi Hydropower Project (139.2 MW) with an estimated cost of Rs 33.41 billion. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Similarly, the Investment Board has been instructed to make necessary preparations for the project development agreement with the developer by approving the detailed project report of China-Nepal Friendship Industrial Park, the largest industrial park in the country proposed to be constructed in Damak, Jhapa under public-private partnership model.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The meeting also approved the draft of the memorandum of understanding to be signed with project developer SJVN Limited India to issue a survey license for the detailed feasibility study of the Lower Arun Hydropower Project (679 MW) to be constructed in Sankhuwasabha district.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The meeting has also decided to direct the Ministry of Energy, Water Resources, and Irrigation to make necessary legal reforms by addressing the ambiguities in granting survey permission for the Tamor Reservoir Hydropower Project (756 MW).</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The meeting has formed a committee under the coordination of the Vice-Chairman of the National Planning Commission to study and prepare a blueprint for the development and investment of the West Seti and SR-6 joint hydropower projects.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The meeting also approved the 'Procedure on Recommendation of Foreign Exchange and Transfer Facility, 2078' for the institutional reform and management of the working system of the Investment Board.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Prime Minister Oli during the meeting instructed concerned authorities to take a decision on the hydropower project only after considering the transmission line, consumption of electricity generated from it, and export potential. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">"The mistakes of the past should not be repeated. If we generate electricity but are not able to build transmission lines, we will have to pay for the unused electricity in accordance to the PPA," he said.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">During the meeting, Finance Minister and Vice-Chairman of the Board, Bishnu Poudel, said that the proposals submitted to the Investment Board would help in the economic development of the country.</span></span></span></p>
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<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The meeting discussed the Upper Tamor Hydropower Project (285 MW) with an estimated cost of USD 540 million and the Lower Manang-Marsyangdi Hydropower Project (139.2 MW) with an estimated cost of Rs 33.41 billion. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Similarly, the Investment Board has been instructed to make necessary preparations for the project development agreement with the developer by approving the detailed project report of China-Nepal Friendship Industrial Park, the largest industrial park in the country proposed to be constructed in Damak, Jhapa under public-private partnership model.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The meeting also approved the draft of the memorandum of understanding to be signed with project developer SJVN Limited India to issue a survey license for the detailed feasibility study of the Lower Arun Hydropower Project (679 MW) to be constructed in Sankhuwasabha district.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The meeting has also decided to direct the Ministry of Energy, Water Resources, and Irrigation to make necessary legal reforms by addressing the ambiguities in granting survey permission for the Tamor Reservoir Hydropower Project (756 MW).</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The meeting has formed a committee under the coordination of the Vice-Chairman of the National Planning Commission to study and prepare a blueprint for the development and investment of the West Seti and SR-6 joint hydropower projects.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The meeting also approved the 'Procedure on Recommendation of Foreign Exchange and Transfer Facility, 2078' for the institutional reform and management of the working system of the Investment Board.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Prime Minister Oli during the meeting instructed concerned authorities to take a decision on the hydropower project only after considering the transmission line, consumption of electricity generated from it, and export potential. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">"The mistakes of the past should not be repeated. If we generate electricity but are not able to build transmission lines, we will have to pay for the unused electricity in accordance to the PPA," he said.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">During the meeting, Finance Minister and Vice-Chairman of the Board, Bishnu Poudel, said that the proposals submitted to the Investment Board would help in the economic development of the country.</span></span></span></p>
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<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The meeting discussed the Upper Tamor Hydropower Project (285 MW) with an estimated cost of USD 540 million and the Lower Manang-Marsyangdi Hydropower Project (139.2 MW) with an estimated cost of Rs 33.41 billion. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Similarly, the Investment Board has been instructed to make necessary preparations for the project development agreement with the developer by approving the detailed project report of China-Nepal Friendship Industrial Park, the largest industrial park in the country proposed to be constructed in Damak, Jhapa under public-private partnership model.</span></span></span></p>
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<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The meeting has also decided to direct the Ministry of Energy, Water Resources, and Irrigation to make necessary legal reforms by addressing the ambiguities in granting survey permission for the Tamor Reservoir Hydropower Project (756 MW).</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The meeting has formed a committee under the coordination of the Vice-Chairman of the National Planning Commission to study and prepare a blueprint for the development and investment of the West Seti and SR-6 joint hydropower projects.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The meeting also approved the 'Procedure on Recommendation of Foreign Exchange and Transfer Facility, 2078' for the institutional reform and management of the working system of the Investment Board.</span></span></span></p>
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<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">"The mistakes of the past should not be repeated. If we generate electricity but are not able to build transmission lines, we will have to pay for the unused electricity in accordance to the PPA," he said.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">During the meeting, Finance Minister and Vice-Chairman of the Board, Bishnu Poudel, said that the proposals submitted to the Investment Board would help in the economic development of the country.</span></span></span></p>
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<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The meeting discussed the Upper Tamor Hydropower Project (285 MW) with an estimated cost of USD 540 million and the Lower Manang-Marsyangdi Hydropower Project (139.2 MW) with an estimated cost of Rs 33.41 billion. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Similarly, the Investment Board has been instructed to make necessary preparations for the project development agreement with the developer by approving the detailed project report of China-Nepal Friendship Industrial Park, the largest industrial park in the country proposed to be constructed in Damak, Jhapa under public-private partnership model.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The meeting also approved the draft of the memorandum of understanding to be signed with project developer SJVN Limited India to issue a survey license for the detailed feasibility study of the Lower Arun Hydropower Project (679 MW) to be constructed in Sankhuwasabha district.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The meeting has also decided to direct the Ministry of Energy, Water Resources, and Irrigation to make necessary legal reforms by addressing the ambiguities in granting survey permission for the Tamor Reservoir Hydropower Project (756 MW).</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The meeting has formed a committee under the coordination of the Vice-Chairman of the National Planning Commission to study and prepare a blueprint for the development and investment of the West Seti and SR-6 joint hydropower projects.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The meeting also approved the 'Procedure on Recommendation of Foreign Exchange and Transfer Facility, 2078' for the institutional reform and management of the working system of the Investment Board.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Prime Minister Oli during the meeting instructed concerned authorities to take a decision on the hydropower project only after considering the transmission line, consumption of electricity generated from it, and export potential. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">"The mistakes of the past should not be repeated. If we generate electricity but are not able to build transmission lines, we will have to pay for the unused electricity in accordance to the PPA," he said.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">During the meeting, Finance Minister and Vice-Chairman of the Board, Bishnu Poudel, said that the proposals submitted to the Investment Board would help in the economic development of the country.</span></span></span></p>
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