Nepal’s Largest Solar Project Gets $200 Million Impact Investment
The Investment Board of Nepal (IBN) has approved foreign investment of $200 million for the development of a 170 megawatt solar power plant, the largest-ever solar project in Nepal. It is the first phase of a project to build solar plants with a total installed capacity of 850 megawatt in Nepal.
The project envisages producing 850 megawatt from solar energy within seven years, which represents the total installed capacity of electric power generation in Nepal as of 2016. The ambitious project is funded by a European group under Dolma Impact Fund.