IBN News

Pre-Feasibility Study of solid waste management projects

1. Pre-feasibility Study_ISWMP_Butwal Package Click here to download 2. Pre-feasibility Study_ISWMP_Dhulikhel Package Click here to download 3. Pre-feasibility Study_ISWMP_Janakpur Package Click here to download 4. Pre-feasibility Study_ISWMP_Jeetpursimara Package Click here to download 5. Pre-feasibility Study_ISWMP_Ratnagar Package Click here to download  

Interview with Chief Secretary Mr. Shanker Das Bairagi

Mr. Shanker Das Bairagi is the Chief Secretary of the Government of Nepal. Mr. Bairagi, served as the Secretary at the Ministry of Foreign Affairs before being appointed as the Chief Secretary and was involved in formulating and implementing crucial policies regarding Nepal’s economic diplomacy. Mr. Bairagi played a significant role in strengthening economic diplomacy by enhancing Nepal’s relations with development partners other friendly nations and international agencies while serving in Nepal missions abroad in the past. Mr. Bairagi, who is also an ex-officio member of Investment Board Nepal, had…

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…

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…

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…

Arun-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.…

OIBN 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,…

OIBN 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.…

Interview with Mr. Shekhar Golchha, President, FNCCI

Mr. Shekhar Golchha is the president of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), a representative body for Nepal’s private sector. Mr. Golchha, who is also the promoter of Nepal’s leading business house – Golchha Organization, is closely watching the current economic performance of the country. Talking to IBN Dispatch, Mr. Golchha delved into the role of the private sector in boosting investment and generating employment in the country. Mr. Golchha holds a firm view that Nepal’s private sector is capable of contributing to the national economy…

OIBN facilitates the construction of the transmission line for Hongshi Shivam Cement

KATHMANDU: In an effort to explore the solution to a delay in the construction of the transmission line for Hongshi Shivam Cement, Office of the Investment Board Nepal (OIBN) organized a joint meeting with the project’s top officials and Nepal Electricity Authority (NEA), on December 15, 2020. During the meeting at OIBN, Mr. Hitendra Dev Shakya, the acting managing director of NEA, expressed his commitment to arrange the power supply by constructing a transmission line for the project by May 2021. On the occasion, OIBN CEO Mr. Sushil Bhatta said…

High-level delegation visits industrial districts in Bagmati and Gandaki provinces

KATHMANDU: A high-level delegation from the Government of Nepal visited different industrial districts in Bagmati and Gandaki Provinces from December 1 to 4, 2020. The team was led by the Secretary of the Ministry of Industry, Commerce and Supplies (MOICS) Mr. Chandra Kumar Ghimire. Other members of the delegation were OIBN CEO Mr. Sushil Bhatta, Chairman of Industrial District Management Ltd. (IDML) Mr. Nanda Kishor Basnet, Joint Secretary of MOICS Mr. Balaram Rijyal, Senior Divisional Engineer of OIBN Mr. Sagar Gautam, other officials from IDML, the Special Economic Zone Authority,…

Interview with Honorable Finance Minister Bishnu Prasad Paudel

Mr. Bishnu Prasad Poudel is the Honorable Minister for Finance (MoF) in the present Council of Ministers. Mr. Poudel is taking charge of the ministry for his second term at a time when the impact of COVID-19 has swept through all sectors of the economy. IBN Dispatch caught up with Mr. Poudel to talk about the impact of the pandemic in Nepal and steps being taken by the Government of Nepal to retain Nepal’s position as an attractive destination for foreign direct investment (FDI). Mr. Poudel holds the view that…

Detailed studies for four big projects submitted to OIBN

KATHMANDU: The developers of four major infrastructure projects, being facilitated by the Investment Board Nepal (IBN), have submitted Detailed Feasibility Study Reports (DFSRs) and Detailed Project Reports (DPRs) of their respective projects. On December 15, 2020, the consortium of Flash Freight Logistics and International Cargo Terminal & Infrastructure Pvt. Ltd., submitted a DFSR for the Private Freight Terminal and Bulk Handling Facilities Project to be constructed in Birgunj and Bhairahawa. A memorandum of understanding (MoU) to build and operate the project was signed between the developer and the Office of…

IBN 46th Board Meeting – Press Release

Click here for press release of 46th Board Meeting of IBN

OIBN Conducts PCN Development Workshop

KATHMANDU: The Office of the Investment Board, Nepal (OIBN) organized a one-day workshop on Project Concept Note (PCN) on December 7 to enhance the capacity of its staff. The workshop focused on how projects are prioritized and projects are packaged for development.  Mr. Anil Gandhi, an expert on Public-Private Partnership (PPP) and private investment conducted the workshop at IBN Office. The workshop discussed key components of project development, including criteria for project prioritization, prioritization of PPP projects, pre-feasibility studies, feasibility studies, procurement, negotiation, and market sounding for potential projects. Mr.…

High-level team visits industrial infrastructures of three provinces

KATHMANDU : A high-level team of Nepal government led by Honorable Minister for Industry, Commerce and Supply Mr. Lekh Raj Bhatta recently inspected various industrial infrastructures in Bagmati, Lumbini and Sudurpaschim provinces. Other members of the team were Industry Secretary Mr. Chandra Kumar Ghimire, Commerce Secretary Mr. Baikuntha Aryal and CEO of Office of the Investment Board Nepal Mr. Sushil Bhatta. The team observed the sites of dry ports, industrial estates, industrial villages and proposed Special Economic Zone (SEZ) in Kanchanpur, Kailali, Banke, Rupandehi and Chitwan on 30th October-4th November.…

IBN and IDML Collaboration for Industrial Area Development

KATHMANDU: Chief Executive Officer (CEO) of the Office of the Investment Board Nepal (OIBN) Mr. Sushil Bhatta had a meeting with Chairperson of the Industrial Development and Management Limited (IDML) Mr. Nanda Kishor Basnet to discuss collaboration and coordination between the two government agencies. In the meeting, held at the OIBN on November 20, 2020, Mr. Basnet said IBN and the IDML should collaborate on bringing in suitable investors for the development of industrial areas across the country. “We have secured land and necessary infrastructure for investors, and IBN can…

“COVID-19 can be an opportunity for the growth of startups in Nepal”

Mr. Mahesh Murthy is an innovative investor, entrepreneur, and speaker. Mr. Murthy founded Passionfund, Seedfund, and Pinstorm to invest in and guide startups. Seedfund, India’s leading venture capital, was twice voted ‘India’s best early-stage fund’ by an independent publication surveying Limited Partners in 2010 and 2013. A multiple award-winning creative writer and director, Mr. Murthy won the ‘Asia Best Commercial of the Decade’ award. Mr. Murthy has delivered a number of keynote speeches in various countries on startup businesses. Talking to IBN Dispatch, the monthly newsletter of Investment Board Nepal…

Huaxin’s construction work moves smoothly

Kathmandu Amid the COVID-19 crisis, Huaxin Cement Narayani has completed earth excavation, around 98 percent of concreting, manufactured 91.5 percent of the steel structures and non-standard equipment, and erected 48 percent of steel structures and equipment installations in the process of constructing the factory in Talti, Dhading. According to the latest update provided by the project, they have submitted the supplementary Initial Environmental Examination (IEE) including the private and public land required by the company to the Department of Industry (DoI) on October 10. The project got the mining scheme…

Investment worth Rs 38.68 billion approved for three projects

KATHMANDU: The 45th meeting of Investment Board Nepal (IBN) was held under the chairmanship of the Right Honorable Prime Minister and IBN’s chairman Mr. K.P Sharma Oli, on 10th November. The meeting convened in Baluwatar, Kathmandu approved investment worth Rs 38.68 billion for three hydropower projects to be implemented under Public-Private Partnership (PPP) modality. The meeting granted approval for investment worth Rs 17624 million for 77.5-MW Ghumsakhola Hydropower Project, Rs 10619.1 million for 57-MW Himchuli Dordi Hydropower Project and Rs 10436 million worth of investment for 65-MW Dudhkhola Hydropower Project.…

IBN approves investment worth NPR 185.43 billion

KATHMANDU: The 44th meeting of Investment Board Nepal (IBN) was held in Baluwatar under the chairmanship of the Right Honorable Prime Minister and Chairman of IBN Mr. K. P. Sharma Oli on June 19, 2020. The meeting approved NPR 185.43 billion worth of investment for a total of seven projects. The meeting approved investments worth NPR 78.65 billion for the 327 MW Upper Marshyangdi Hydropower-2 Project, NPR 6.3 billion for the 42.9 MW Ankhukhola Hydropower Project, NPR 10.31 billion for the 57.3 MW Myagdi Khola Hydropower Project, NPR 13.57 billion…

OIBN interacts with MPs representing palpa district

KATHMANDU: On August 9, the Office of the Investment Board Nepal (OIBN) organized an interaction with the people’s representatives from Palpa district to discuss issues regarding the Hongshi Shivam Cement project. The project’s mining site is located at Nisdi Rural Municipality of Palpa district while the plant is in Nawalparasi (East) district. Senior officials of OIBN led by CEO Mr. Sushil Bhatta interacted with Honorable Mr. Dal Bahadur Rana, a member of the Federal Parliament; Honorable Mr. Narayan Acharya, a member of the Provincial Assembly; Mr. Radha Krishna Timilsina, a…

Fifth MFC Meeting Held

KATHMANDU: The 5th meeting of the Monitoring and Facilitation Committee (MFC) headed by IBN Vice Chair and the then Honorable Minister for Finance Dr. Yubaraj Khatiwada took place in IBN Office on 28 August. The meeting discussed various pertinent issues, including evaluation of feasibility studies of investment projects, implementation of Integrated National Agriculture Projects, necessary infrastructures to be developed for Hongshi-Shivam Cement Project and Huaxin Cement Narayani Project and others. On the occasion, Ms Mon Devi Shrestha, joint secretary (technical) of OIBN, who is a member secretary of the Committee,…

Land acquisition process moves smoothly for Arun-3 TL

KATHMANDU: Amid Covid-19 crisis, the process of acquisition of land moved forward smoothly in all seven concerned districts covered by Transmission Line (TL) of Arun-3 Hydropower Project. Chief District Officers (CDOs) who heads the Compensation Determination Committees (CDCs) in their respective seven districts accelerated the process of determining the compensation of lost land and non-land assets of the affected households. The CDC of Dhanusha district, the most affected district where sub-station is also located, has finalized the compensation for the land to be acquired for a proposed substation in Dhalkebar.…

OIBN intensifies handover farm projects to provinces

KATHMANDU: Office of the Investment Board Nepal (OIBN) has started consultations with concerned provincial officials and developers to handover the Integrated Agriculture Projects to respective provinces. OIBN organized meetings with high-ranking officials of Province 1 and Province 5 on 19th July and 22nd July respectively, to discuss on the ways to move forward the handover process. At a virtual meeting, OIBN interacted with Province 1 officials led by its Honorable Chief Minister Mr. Sher Dhan Rai on handing over the project which is going to be implemented in Urlabari, Morang.…

Covid-19 makes cash management a challenge in firms: Dr. Biswo Poudel, Economist

Dr. Biswo Poudel is an economist. He has long experience working with development partners and was also involved in providing policy recommendations on different occasions for the Government of Nepal. He has been closely watching the macro-economic performance of Nepal. Dr. Poudel talked with IBN Dispatch about the impact of Covid-19 and ways to cope with this crisis in Nepal. How are you assessing the impact of Covid-19 in Nepal? This Covid-19 is affecting the whole world and Nepali is not insulated. We have suffered economically, and its impact has…

Huaxin reports 90 percent progress on civil construction

KATHMANDU: Construction work at Huaxin Cement Narayani project has continued during the lockdown with significant progress being made in the building of key civil structures. Recently, OIBN organized a virtual conference meeting with Huaxin Cement Narayani officials to discuss the impact of the lockdown on the projects. The project reported that it has achieved 90 percent progress in civil construction work, 70 percent in steel structures (plant) and long standard equipment, and 30 percent in installation of equipment. The 83 meters tall pre-heat structure, a key part of any cement…

Arun-3 project achieves financial closure

KATHMANDU: The SJVN-Arun-3 Power Development Company (SAPDC) signed a financial closure (FC) agreement with leading banks of India and Nepal on February 6, 2020. The signing of the FC deal has assured financing of the 900 MW Arun-3 Hydropower Project from the lending banks. Investment Board Nepal (IBN) has been facilitating the implementation of the Arun-3 Project. Five Indian banks – State Bank of India (SBI), Export-Import Bank of India (EXIM), Punjab National Bank (PNB), Canara Bank, and Union Bank of Indi – and two Nepali banks – Everest Bank…

Financial awareness to compensation recipients of Damak industrial park project

KATHMANDU: The Office of the Investment Board Nepal (OIBN) and Industrial District Management Ltd. (IDML) jointly organized a financial awareness program for recipients of compensation from the China-Nepal Friendship Industrial Park Project in Damak, Jhapa. The awareness programs was held in an effort to sensitize recipients on ways to properly utilize the compensation and the economic opportunities for investment and employment that will be available at the local level with the implementation of the project. Honorable Vice-Chair of the National Planning Commission (NPC) Mr. Pushpa Raj Kandel inaugurated the three-day…

MoU for a Logistics Park in Biratnagar

KATHMANDU: On December 15, 2019, the Office of the Investment Board Nepal (OIBN), CG Logistics Pvt. Ltd. and Sharaf Group of the UAE signed a Memorandum of Understanding (MoU) to construct and operate a Multi-Modal Logistics Park (MMLP) in Biratnagar. Mr. Maha Prasad Adhikari, OIBN’s CEO, Mr. Nirvana Chaudhary of CG Logistics and Mr. Salah Sharaf of Galaxy Terminal of Sharaf Group signed the MoU on behalf of their respective organizations. H. E. Saeed Hamdan Al-Naqbi, ambassador of UAE to Nepal, was also present on the occasion. CG Logistics Pvt.…

Press Conference on the Progress of Projects

KATHMANDU:  The Office of the Investment Board Nepal (OIBN) organized a press conference on January 3, 2020 to provide a briefing on the progress of various projects being overseen by Investment Board Nepal and the outcomes of the Nepal Investment Summit held last year in Kathmandu. OIBN highlighted the procurement and implementation status of 50 projects showcased during the two-day summit. It shared that the OIBN has shortlisted qualified investors after completing a pre-qualification evaluation process for 14 projects worth NPR 1,188 billion. Among those projects, the implementation of Tamor…

Interaction with Stakeholders of the Arun-3 Project on Access Road Issues

KATHMANDU: The Office of the Investment Board of Nepal (OIBN) interacted with stakeholders of Arun-3 Project on December 16, 17 and 24 regarding compensation issues for the Chhyankuti-Diding access road to the Project. During the meeting held on December 16, former law makers representing Sankhuwasabha Mr. Taraman Gurung, Mr. Deepak Khadka and Mr. Dil Nath Giri were present. Similarly, Joint Secretary at the Ministry of Home Affairs Mr. Ram Prasad Acharya, Joint Secretary at Office of the Prime Minister and Council of Ministers Mr. Chhabi Rijal and Under Secretary at…

IBN, HIDCL Team Visits Tamor Project Districts

TEHRATHUM:  A high-level team from OIBN led by CEO Mr. Maha Prasad Adhikari conducted a reconnaissance field visit from December 17 to 22, 2019 in districts that will be affected by the Tamor Hydropower Project.  The project was showcased at Nepal Investment Summit held from March 29 to 30, 2019.  The OIBN subsequently completed the initial screening of applications and evaluations of detailed proposals for the project. The 41st meeting of the Investment Board Nepal (IBN) convened on October 11, 2019 granted OIBN the permission to sign a Memorandum of…

PMU Visits Arun-3 Project Sites

SANKHUWASABHA: Members of the Project Monitoring Unit (PMU) of Arun-3 Hydropower Project, led by its Chair and the Joint Secretary of the Office of the Investment Board Nepal (OIBN) Mr. Balaram Rijyal, visited the project sites in Phaksinda and Diding of Makalu and Chichila rural municipalities of Sankhuwasabha respectively from December 3 to 6, 2019. The team comprised of the Senior Divisional Engineer at the OIBN and Member Secretary of the PMU Mr. Sunil Poudel, Under Secretary at OIBN Mr. Ishwori Prasad Dhakal, and consultants at OIBN Mr. Ratish Basnyat,…

MoU on Integrated Agriculture Infrastructure Project with Province 1

BIRATNAGAR: On January 13, 2020, the Office of the Investment Board Nepal (OIBN) held an interaction program with Province 1 on how OIBN can collaborate with the province to develop and promote Public Private Partnership (PPP) projects. At the interaction, Honorable Chief Minister of Province 1 Mr. Sher Dhan Rai said that the province would like to work closely with OIBN on project development and investment promotion. He also requested OIBN support to organize an investment summit in Province 1. “We want to focus on the economic development of the…

42nd Board Meeting of IBN held

KATHMANDU: The 42nd meeting of Investment Board Nepal (IBN) was held under the chairmanship of Right Honorable Prime Minister and Chair of IBN Mr. K. P. Sharma Oli on December 29, 2019. The meeting decided to grant approval to the project developer to invest NPR 65 billion in the Upper Trishuli-1 Hydropower Project. Similarly, the meeting also decided to approve investment worth NPR 11.77 billion and NPR 8.22 billion for the Marsyangdi Besi Hydropower Project and Upper Trishuli-3-B Hydropower Project respectively. The meeting restructured a committee formed to study compensation…

“Insufficient government officials is the biggest challenge in Province 1”

Mr. Subodh Pyakurel is the Honorable Vice-Chair of the Province 1 Planning Commission. Mr. Pyakurel, a renowned human rights campaigner, has knowledge of development issues. IBN Dispatch talked in detail with Mr. Pyakurel on development prospects and the implementation challenges of development plans at the provincial level. Mr. Pyakurel said insufficient government officials in Province 1 is the biggest challenge in implementing plans. What are the economic prospects of Province 1? The economic potential of province-1 is very high. Province 1 mirrors Nepal, with geographical diversity from Kechanakalan, the lowest…

IBN, Motrex sign an initial pact

KATHMANDU: The Office of the Investment Board of Nepal (OIBN) and Motrex Co. Ltd., a South Korean company, signed an initial agreement to invest in a four-wheeler vehicle assembling plant in Nepal. After a series of negotiations, CEO of IBN Mr. Maha Prasad Adhikari and CEO of Motrex. Co. Ltd. Mr. Lee Hyung-Hwan placed their initials in the Project Investment Agreement (PIA) on December 11, 2019 which is subject to approval from their respective boards. The 35th meeting of IBN, approved the investment of USD 10.54 million by Motrex. Co.…

MoU for Development of Tamor Storage Hydropower Project Signed

KATHMANDU On January 19, a Memorandum of Understanding (MoU) was signed between the Office of the Investment Board Nepal (OIBN), Power Construction Corporation of China (PCCCL), and Hydroelectricity Investment and Development Company Ltd. (HIDCL) to conduct a detailed feasibility study (DFS) for the proposed Tamor Hydropower Project. CEO of OIBN Mr. Maha Prasad Adhikari, Vice-president of PCCCL Mr. Pan Dengyue, and CEO of HIDCL Mr. Chhabi Raj Pokhrel signed the MoU.  The 756 MW project was first identified in the master plan prepared by JICA in 1985. The project is…