IBN-SJVN MoU on 679-MW Lower Arun Project

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…

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IBN Approves Rs 97 billion worth of investment

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…

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Interview with Mr. Rameshore Khanal, Former Finance Secretary

Mr. Rameshore Khanal is a former Finance Secretary, who has been observing macro-economic situation of the country. Mr. Khanal holds comprehensive knowledge on Nepal’s public financing, taxation, economic policies, private sector investment, and infrastructure development issues. Former economic advisor to the then Prime Minister Dr. Baburam Bhattarai, Mr. Khanal has been delivering comprehensive presentations on economic and financial issues in national and international forums. Talking to IBN Dispatch, Mr. Khanal says Nepal needs to define the development modalities and incentives of projects before showcasing them to investors. How do you…

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