Kathmandu, Nov. 27 -- Prioritising domestic investment, the proposal of the investment modality for the 1,200-megawatt Budhigandaki reservoir-based hydropower project and the 1,063-megawatt Upper Arun semi-reservior hydropower project was finalised on Sunday.

Minister for Energy, Water Resources and Irrigation Kulman Ghising, who is also the minister for Physical Infrastructure, Transport and Urban Development, was briefed on the proposed investment modality prepared together with the financial analysis of both projects on Sunday. After the briefing, Ghising instructed that the proposal be submitted for necessary approvals.

Claiming that both projects have remained only in discussion for a long time, Ghising during the meeting said that...