IBN, iDeck Sign Pact on Detailed Feasibility Study

IBN, iDeck Sign Pact on Detailed Feasibility Study

KATHMANDU: The Investment Board Nepal and the consulting firm Infrastructure Development Corporation (Karnataka), or iDeck, signed an agreement on 18 December to conduct a detailed feasibility study to establish a chemical fertilizer plant in Nepal. Padmanabhan Nair, International Business President of iDeck, and Radhesh Pant, CEO of IBN, signed the pact on behalf of their respective organisations. 
As per the agreement, iDeck has to complete the study within 12 months from the date of signing the deal. The study will include an economic and financial analysis before and after the establishment of the fertilizer plant, appropriate technology for Nepal, employment generation, suitable location, necessary raw materials, the supply and demand situation for chemical fertilizers, the necessary power to run the plant, the modality for running the plant and an environment impact assessment. •

Kick-off Meeting

KATHMANDU: The process to conduct a feasibility study for establishing a chemical fertilizer plant in Nepal was formally initiated on 22 December. O fficials of iDeck, the consulting firm selected to conduct the study gave a presentation on the project implementation timeline and chemical fertilizer production technology at a kick-off meeting, which was held at the Ministry of Agriculture Development. Dr Suraj Pokharel, Joint Secretary of the Ministry committed to extend every support for the implementation of the project. Officials from IBN were also present on the occasion. •