Category: Featured

KATHMANDU: On 11th July, Investment Board Nepal (IBN) of Nepal government and SJVN Limited India signed a Memorandum of Understanding (MoU) for issuing survey license for 679 MW Lower Arun Hydro Electric Project to be developed in Sankhuwasabha and Bhojpur districts of Province 1.  The MoU was signed between IBN CEO Mr. Sushil Bhatta and Chairman-Managing Director of SJVN Mr. Nanda Lal Sharma, in presence of Honorable Deputy Prime Minister and Finance Minister Mr. Bishnu Prasad Poudel and Excellency Indian Ambassador to Nepal Mr. Vinay Mohan Kwatra. The total cost…

KATHMANDU: The 47thm meeting of Investment Board Nepal (IBN) was held under the chairmanship of the Right Honorable Prime Minister and chairman of IBN Mr. KP Sharma Oli on 22 June. The meeting convened at Prime Minister’s Office Baluwatar, approved investment worth Rs 97 billion in two hydropower projects with USD 540 million for 285 MW Upper Tamor Hydropower and Rs 33.41 billion for 139.2 MW Manag Marsyangdi Hydropower Project. The meeting also approved the Detailed Project Report (DPR) of Nepal’s largest industrial park- China Nepal Friendship Industrial Park to…