--By TC Correspondent 

 

Employees Provident Fund (EPF) has decided  to invest Rs 26 billion in five different hydropower projects that will jointly generate a total of 726.3 MW electricity. 

 

Confirming the investment, Krishna Prasad Acharya, Administrator of the Fund, said that EPF decided to investment in hydropower after apprising the sector secure and productive. "Investment in infrastructure development sector will have a sustainable impact on national economic growth,” he said adding, “Investment is this sector is profitable as well as productive in the long run”.

 

The EPF has decided to invest in Upper Tamakoshi (456 MW), Rasuwa Gadi (111 MW), Bhotekoshi (102 MW), Upper Sanjen (14.8 MW) and Sanjen (42.5 MW) hydro projects, he informed.

 

“Out of the total allocated amount, around Rs 3 billion has been used those four projects,” said Kailash Bhakta Karrananjeet, Chief of the Department of Investment and Treasury Management at the EPF.

Informing that the meeting of the board of directors of the fund has approved the projects. 

 

EPF has also invested in SL Hydropower Project, through Hydropower Investment and Development Company’s promotional shares and joint-finance process.