House panel inquires Investment Board

KATHMANDU:

The Environment Protection Committee under the Legislature-Parliament has inquired the Investment Board about the activities carried out by it.

Today's meeting of the committee urged the concerned bodies to be serious on the environmental issues while running big projects related to physical infrastructure development.

While taking part in the meeting, most of the lawmakers expressed concern over the process and methodology of the projects.

Similarly, the Committee asked the Board about its activities and progress related to debris management in Kathmandu Valley, Kathmandu Metro Rail and fertiliser industry.

Lawmakers asked the Board about the Power Development Agreement (PDA) for the construction of the Upper Karnali Hydropower Project to be held between the Investment Board Nepal and the Grandhi Mallikarjuna Rao (GMR) Construction Company.

Lawmakers Duman Sing Thapa, Man Bahadur BK, Kamala BK, Durga Magar, Rajaram Syangtan, Madan Amatya, Resham Lama, Parshu Ram Tamang, Sarita Prasain, Radhika Tamang and Hariraj Banshi took part in the meeting.

All the preparations for the PDA for the 900 MW Upper Karnali Hydropower Project is in the final phase, it is learnt.

No capacity to run big projects: Panta

While speaking at meeting of the Committee, Chief Executive Officer (CEO) of the Board, Radhesh Panta, said that the country needs foreign investment to run big projects.

CEO Panta said that the country will move on the way to prosperity within 10 years if the political environment favours the developmental activities.

Panta assured that the construction works of the Pashchim Seti Hydro Project will begin very soon.

Source: THT