NEPAL > Chinese Investors Come Together to Form Association in Nepal

China-Nepal KATHMANDU, Aug 16 (Bernama) — China’s businessmen and investors in Nepal held a conference and formed an association to jointly pursue and protect the interests of Chinese nationals’ investors in Nepal. The conference formed the “Chinese Enterprises Association of Nepal” (CEAN), a statement of the Chinese Economic Counsellor’s Office said Tuesday. “All the Chinese investors in Nepal participated in the More …

NEPAL > Inbound FDI commitment to Nepal dwindled in 2015-16. China led the pledged amount.

FDI July 28, 2016 – Department of Industry (DOI) Nepal, the organization that registers companies in Nepal, reported that China led foreign direct investment (FDI) commitments for the fiscal year 2015-16. China’s commitment stood at US $57 Million (6.21 Billion Nepalese Rupees) against the total FDI commitment of US $140 Million (15.13 Billion Nepalese Rupees). China’s commitment was followed by Britain More …

NEPAL > Panel endorses PPA in dollar terms

PPA Sourced from the article by Bibek Subedi from Kathmandu Post: http://kathmandupost.ekantipur.com/news/2016-07-13/panel-endorses-ppa-in-dollar-terms.html   Jul 13, 2016- A sub-committee under the Parliamentary Public Accounts Committee has endorsed the government’s plan to sign Power Purchase Agreement (PPA) in US dollar terms with hydropower developers for a certain period, but raised question over some of such deals already signed. In its report, the sub-committee formed to More …

NEPAL> Chinese companies keen to build rail network in Nepal

Chinese Rail Nepal Source: eKantipur (http://tinyurl.com/jsbnur9)               At least two Chinese companies have shown interest to develop rail networks connecting China with Nepal, and one of them has submitted a feasibility report for a rail link between Kathmandu and Pokhara. The China CAMC Engineering Company Ltd, which has submitted a feasibility report on Kathmandu-Pokhara electric railway, plans More …

NEPAL > Cable Car as an Urban Form of Transportation in Kathmandu ?

cablecar My Republica published the article titled  “Baudha to Tahachal in 30 minutes by cable car!” outlining a feasibility study done to address the need for a supplemental form of public transportation in Kathmandu. It further writes: “One can go from Baudha to Tahachal in 30 minutes by cable car and at a reasonable fare, according to a feasibility study. The More …

NEPAL > Going Beyond Media Coverage on Tila-1 and Tila-2 Hydropower Projects

Tila Last year (2015) in September, news emerged that an investment bank based out of Las Vegas, US – InvestBank – acquired a 70% equity stake in the 440 MW Tila-1 hydro-electric project and 420 MW Tila-2 hydro-electric project (http://tinyurl.com/z9rxyrh).  Tila-1 and Tila-2 had the projected costs of US$ 649 Million and US$ 555 Million respectively. It further mentioned that InvestBank More …

NEPAL > Nepal approves $ 140 mn proposal by Chinese cement firm

China-huaxin Nepal has approved a USD 140 million investment proposal by a Chinese company to set up a cement plant in the country, the second largest FDI proposal in the sector from China to Nepal. The Investment Board Nepal (IBN) in a meeting chaired by Prime Minister K P Sharma Oli yesterday, approved the proposal of China’s Huaxin Narayani Investment to More …

NEPAL > InvestBank Acquires Equity Stake In Asian (Nepali) Hydroelectric Projects

Investbank LAS VEGAS, Sept. 1, 2015 /PRNewswire/ — InvestBank Corp., the global investment bank headquartered in the United States of America, has acquired a 70% equity stake in the 440 MW Tila-1 hydroelectric project and the 420 MW Tila-2 hydroelectric project in the South Asian country of Nepal. InvestBank is working in cooperation with S.C. Power Company Pvt. Ltd. to develop More …