The meeting of the Investment Board of Nepal has approved investment worth a total of Rs 36. 37 billion for four hydropower projects.

A meeting of the Investment Board presided over by Prime Minister Pushpa Kamal Dahal approved investment worth a total of Rs 36. 37 billion for Rolwaling river, Chujung river, Dana river and Sanibheri Hydropower projects.

Reviewing the current progress regarding the implementation of the Tamor Reservoir Hydropower Project, the meeting has decided to form a high-level committee to present suggestions pertaining to the working procedures of the future project.

Similarly, the meeting has decided to grant a study permit to Dolma Himalayan Energy for the study of a solar energy project of 245 MW and 20 MW battery capacity in Rajpur Rural Municipality of Dang District.

Likewise, the Board has taken note of the detailed feasibility study report submitted by the Risen Energy Co. Ltd for the development of 250 MW solar energy in Kohalpur of Banke and Bandganga of Kapilvastu.

The Board has decided to present a proposal to the Council of Ministers for the implementation of the order issued by the Supreme Court in relation to the Upper Karnali Hydropower Project.

Moreover, the Board has approved the draft of the Memorandum of Understanding to be signed with a company based in Malaysia for carrying out a study on setting up a chemical fertilizer industry.

On the occasion, Prime Minister Dahal directed all the bodies concerned to carry out more study and analysis so that the determination of cost for hydroelectricity projects is 'bankable' in the coming days, to deepen the required coordination for timely completion of the projects under construction, and to carry out result-oriented works by shortening the processes related to investment approval and project implementation.