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The Investment Board Nepal (IBN) and Power Construction Corporation of China (Power China) agreed to construct the 756-762-megawatt Tamor Storage Hydropower project on government-to-government basis. According to joint agreement signed in January 2020, the construction of hydroelectric project will be started within upcoming two years. Last year, IBN has approved estimated investment of US $ 540 million for the construction of Tamor hydropower project.

Source

https://thehimalayantimes.com/business/ibn-power-china-ink-pact-to-build-762-mw-tamor-hydel

https://myrepublica.nagariknetwork.com/news/ibn-approves-investment-of-rs-97-billion-for-two-hydropower-projects/

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