Stories Tagged 'Investment board nepal'
The West Seti Hydroelectric Project has all but collapsed after the Chinese developer turned down the government request to execute the project citing financial infeasibility.
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The Finance Ministry and Investment Board Nepal (IBN) are preparing laws that may conflict with each other, giving a fine example of lack of coordination between government agencies. While IBN is working to amend the Investment Board Act, the Finance Ministry has prepared a draft Public Private Partnership (PPP) Act to regulate the board’s operation.
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The Investment Board Nepal’s (IBN) plan to prepare feasibility study reports of two exotic resorts and a glass factory has hit a snag as its public notice failed to draw attention of firms willing to prepare such reports.
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Investment Board Nepal (IBN) has signed a project investment agreement with Huaxin Cement Narayani to establish a $140 million cement plant in Nepal.
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Investment Board Nepal (IBN) has refuted Finance Ministry’s claims that the government would build the West Seti Hydropower Project with internal resources as stated in the recently released budget statement for fiscal 2018-19.There has been no decision to scrap the pact signed with China Three Gorges Corporation (CTGC)--the potential developer of the 750MW reservoir-type project, the IBN said in a statement on Wednesday.
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The government is mulling to restructure Investment Board Nepal (IBN) to permit it to issue one-door approval to all public private partnership (PPP) projects by making a new law.
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