The 45th board meeting of the Investment Board of Nepal has approved investments worth Rs38.68 billion for three different hydropower projects that will be built under public-private-partnership modality.

The meeting chaired by Prime Minister KP Sharma Oli approved the investment of Rs17.62 billion for the development of 77.5 MW Ghunsakhola Hydropower Project in Taplejung.

Similarly, the board has approved investment of Rs10.62 billion for the development of 57 MW Himchuli Dordi Hydropower Project. The project is owned by Peoples Hydropower Company Limited and is located at the left bank of Dordi Khola in Lamjung.

According to the press statement issued by the board, an investment of Rs10.44 billion has been approved for the construction of 65 MW capacity Dudhkhola Hydropower Project in Manang.

The meeting chaired by the prime minister was the first after the government appointed Sushil Bhatta as the new CEO of the Investment Board of Nepal in August.

According to the board statement issued on Tuesday night, during the meeting, the prime minister said that the board meeting could not be held regularly due to Covid-19 and assured to continue the meeting regularly. The board also welcomed newly appointed Finance Minister Bishnu Paudel as the board vice chairman on Tuesday.