KATHMANDU, Oct 28: The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) and the Investment Board Nepal (IBN) will cooperate with each other to promote foreign investment in Nepal.

KATHMANDU, Oct 9: The government on Saturday gave its go-ahead to inject an additional capital worth Rs 73 billion in the construction and development of two hydroelectricity projects.

KATHMANDU, September 8: Nepal has faced a shortfall of investment worth Rs 558 billion annually to achieve its targets of the Sustainable Development Goals (SDGs) by 2030.

KATHMANDU, September 5: The Investment Board Nepal (IBN) has projected to facilitate investment worth Rs 1.18 trillion inside the country in the next four years.

KATHMANDU, August 18: The Investment Board Nepal (IBN) is in the process of approving projects worth Rs 400 billion.

KATHMANDU, July 12: The Investment Board Nepal (IBN) on Sunday signed a memorandum of understanding with SJVN Limited, India, to conduct a detailed project study of the 679 MW Lower Arun Hydroelectric Project.

KATHMANDU, June 22: The government has approved investment worth Rs 97 billion to construct two hydropower projects.

KATHMANDU, Jan 30: The government has decided to award the contract for the construction of the Lower Arun Hydropower Project to SJVN Limited, India.

KATHMANDU, Jan 20: The Office of Investment Board Nepal (IBN) on Sunday signed a memorandum of understanding (MoU) with the joint venture of Hydroelectricity Investment and Development Company Ltd (HIDCL) and Power China to conduct detailed feasibility of Tamor Storage Hydroelectricity Project (756 MW).

KATHMANDU, April 22: Investment Board Nepal (IBN) has said that it has received as many 48 applications for 31 out of 50 projects showcased during the recently held Nepal Investment Summit 2019.

KATHMANDU, March 17: Energy projects top the government priority for foreign direct investment (FDI) in terms of investment amount, according to the Investment Board Nepal (IBN).

KATHMANDU, Nov 26: Investment Board Nepal (IBN) has decided to issue survey licenses for building two solar power plants -- one of 150 MW in Lomanthang of Mustang district and the other of 125 MW in Chilime of Rasuwa district -- to Dolma Fund Management, a European developer.

IBN board okays PDA with NepWaste

July 19, 2018 11:39 am

KATHMANDU, July 19: Investment Board Nepal (IBN) has approved Project Development Agreement (PDA) document to be signed with NepWaste -- a Nepal-Finland joint venture company -- for implementation of Integrated Solid Waste Management of Kathmandu Valley Package 1.

KATHMANDU June 26: The Supreme Court on Monday gave continuity to its earlier stay order against the decision of the Investment Board Nepal (IBN) to seek Rs 100 million as performance guarantee from the Kathmandu Monorail Company Ltd (KMCL) before signing an MoU to prepare the detailed project report (DPR) for Kathmandu Monorail Project.

KATHMANDU, June 11: Prime Minister Khadga Prasad Oli has appointed Minister for Finance Yuba Raj Khatiwada as the vice chairman of Investment Board Nepal (IBN).

KATHMANDU, June 7: Investment Board Nepal (IBN) has said that it was holding deliberations with China Three Gorges Corporation (CTGC) regarding the financial viability of the West Seti Hydropower Project (750 MW).

IBN begins exploring new projects

April 30, 2018 08:18 am

KATHMANDU, April 30: With limited projects in its ambit, Investment Board Nepal (IBN) has now started exploring new projects, which will be later showcased at different forums to draw foreign investments.

KATHMANDU, March 10: Investment Board Nepal (IBN) has formed a seven-member panel to study and recommend measures to sort out the issues arising in the development of West Seti Project, a reservoir project of 750 MW.

KATHMANDU, March 7: Investment Board of Nepal (IBN) has concluded negotiations with NepWaste, a Nepal-Finland joint venture, for the management of municipal solid waste of Kathmandu district through a Public Private Partnership (PPP) approach, paving the way for signing of project development agreement (PDA).

KATHMANDU, May 19: Minister for Industry Nabindra Raj Joshi has said that the Investment Board Nepal (IBN) should collaborate with different ministries and authorities to speed up mega infrastructure projects.

KATHMANDU, Feb 11: Investment Board Nepal (IBN) has proposed to launch an international bidding for Tamakoshi III Hydropower Project.

KATHMANDU, Dec 1: Investment Board Nepal (IBN) has not been able to hold even a single board meeting in the past four months. Reason: Prime Minister Pushpa Kamal Dahal, the chair of the IBN board, has no time to attend the meeting.

IBN seeks time-bound plan from GMR

September 5, 2016 01:10 am

KATHMANDU, Sept 5: The Investment Board Nepal (IBN) has asked the developer of Upper Karnali Hydropower Project to submit time-bound activities, including its plan to sign power purchase agreement and financing agreement with financial institutions, before taking any decision on its application to extend deadline to achieve financial closure.

CNI President appointed IBN member

July 27, 2016 20:56 pm

KATHMANDU, July 27: President of Confederation of Nepalese Industries (CNI) Hari Bhakta Sharma has been appointed as the member of Investment Board Nepal (IBN).

KATHMANDU, July 14: Former CEO of Investment Board Nepal Radhesh Pant has filed a writ petitioni at the Supreme Court, questioning the academic qualification of incumbent CEO Maha Prasad Adhikari.