KATHMANDU, July 19: Investment Board Nepal (IBN) has approved a foreign direct investment proposal of Dolma Fund Management, a Mauritius-based company, to set up a 170 MW solar plant in Nepal.
The decision means the company can now begin works on investment plan and also conduct detailed study for the project estimated to cost US$ 200 million, according to Uttam Bhakta Wagle, the information officer for IBN.
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IBN officials say that it will probably be the largest solar power plant in the country.
Nepal Electricity Authority has recently started installation of a 25 MW solar plant. The government has announced a plan to install solar plants having combined capacity of 300 MW as part of energy mix concept.
