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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…
Read MoreIBN 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…
Read MoreInterview 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…
Read MoreIBN 47th Board Meeting – Press Release
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Read MoreInvitation for Catalogue Shopping of Vehicle
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Read MoreArun-3 river-diversion tunnel inaugurated
SANKHUWASABHA: The river diversion tunnel, one of the vital structures for the 900 MW Arun-3 Hydropower Project, was inaugurated on February 1 in Phaksinda Dovan of Makalu Rural Municipality of Sankhuwasabha. Mr. Nand Lal Sharma, the Chairman and Managing Director (CMD) of SJVN Limited, the parent company of SJVN Arun-3 Power Development Company (SAPDC), inaugurated the 11 m diameter 429 m long diversion tunnel. Speaking on the occasion, CMD Mr. Sharma stated that the diversion arrangement is a historic event in the process of developing vital structures for the project.…
Read MoreOIBN organizes interactions with stakeholder agencies
KATHMANDU: On February 14, the Office of the Investment Board Nepal (OIBN) organized an interaction with stakeholder agencies of the Government of Nepal to forge a better coordination for fast service delivery to investors and explore ways to remove procedural and legal constraints in the process of facilitating and promoting investment. Presiding over the meeting, OIBN CEO Mr. Sushil Bhatta stressed the need to establish an inter-agency coordination mechanism to realize private investments, timely delivery of projects, and decent service delivery to investors. “This type of mechanism, backed by cohesive,…
Read MoreOIBN and Risen Energy sign MoU for a Solar Project
KATHMANDU: On January 26, the Office of the Investment Board Nepal (OIBN) and Risen Energy Singapore JV Pvt. Ltd. signed a memorandum of understanding (MoU) to prepare a detailed feasibility study report (DFSR) for establishing a 250 MW grid-connected solar energy project with a 40 MW battery storage plant in Nepal. The DFSR will be conducted for a 125 MW project with 20 MW battery storage each in Kohalpur of Banke and Bandganga of Kapilvastu districts. The estimated cost of the project is USD 189.5 million. CEO of OIBN Mr.…
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