Nepal, Aug. 23 -- The Investment Board of Nepal has approved an investment of Rs 8.84 billion for the development of the Lower Apsuwa Hydropower Project with a capacity of 54 megawatt.

A Board meeting held on Friday took this decision, Spokesperson of the Investment Board of Nepal Pradhumna Prasad Upadhyay said.

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Likewise, the Board has decided to form a talk committee under the leadership of the CEO to table a proposal on project development agreement, financing modality and other issues regarding the West Seti Hydropower Project.

The meeting chaired by the Chairman of the Board and Prime Minister KP Sharma Oli has entrusted the Board's CEO to submit t...