KATHMANDU, August 19: A memorandum of understanding (MoU) has been signed between the Investment Board Nepal (IBN) and the Indian company NHPC Limited to conduct a detailed project study survey permit of 750 MW West Seti and 450 MW Seti River 6 hydropower projects.
KATHMANDU, August 18: India will be entrusted with the construction of two large hydropower projects in Nepal. In the presence of Prime Minister Sher Bahadur Deuba, a study committee was formed under the coordination of Investment Board Nepal’s CEO Sushil Bhatta and according to the report of the same committee, the agreement will be signed this evening. The IBN is about to enter into an agreement with the approval of the Council of Ministers.
KATHMANDU, August 9: The 52nd meeting of the Investment Board of Nepal (IBN) held on Monday decided to hand over NHPC Limited, India, to study and develop 750 MW West Seti Storage Hydropower Project and 450 MW Seti River-6 Hydropower Project in Sudurpaschim Province.
KATHMANDU, June 8: The 51st meeting of the Investment Board Nepal (IBN) has decided to recommend to the Council of Ministers to extend the term of the 900 MW Upper Karnali Hydropower Project to arrange for financial management within 24 months.
KATHMANDU, March 10: Finance Minister Janardan Sharma has instructed the Investment Board Nepal (IBN) to move ahead with big projects by raising capital on its own. Attending the seventh meeting of the Monitoring and Facilitation Committee under IBN on Wednesday, Minister Sharma said that the ministry would extend necessary assistance to the Investment Board in building capital.
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, 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, 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.
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 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).
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, 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.
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.