IBN signs MoU for fertiliser plant feasibility study
Investment Board Nepal (IBN) has signed a memorandum of understanding (MoU) with German-based DIAG Industries GmbH to conduct a detailed feasibility study for the establishment of a chemical fertiliser plant (urea) in Nepal.
The Investment Board, Nepal (IBN) and a Malaysian company have signed an agreement for conducting a feasibility study for establishment of a chemical fertiliser factory in Nepal.
Chief Executive Officer of Investment Board Nepal, Sushil Bhatta, and Managing Director of DIAG Industries GmbH, Benjamin Becker signed the MoU on behalf of their respective organisations.
The Investment Board Nepal (IBN) has approved investment of Rs. 14.27 billion for the construction, operation and management of Suryatara Cement Project.
The 50th meeting of the Board chaired by its Chairman and Prime Minister Sher Bahadur Deuba on Thursday approved the investment.
Similarly, the Board has decided to give permission to DIAG Industries GmbH Germany for a detailed feasibility study for setting up a chemical fertiliser factory at Bardaghat in Nawalparasi.
The meeting approved the detailed project report submitted by the proposing company regarding the Lower Arun Hydropower Project (679 MW), according to a press statement of IBN.
The meeting also directed the Office of Investment Board to study and submit a report on the issue of extension of financial management of the Upper Karnali Hydropower Project.
