NEPAL > 5 hydropower companies in pipeline to issue IPO

IPO Initial Public Offerings of a string of public limited companies are in the pipeline. There are five hydropower companies in pipeline to issue IPO. Arun Kabeli Power Company Limited (AKPL) is proposing to come out with an Initial Public Offering of worth Rs 45 crore at ­­face value NPR 100 each at par. Of the total shares, 1,500,000 unit shares 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 …

NEPAL > Belgian Company – BIO – enters Nepalese hydropower market

bio_logo Belgian Investment Company for Developing Countries (BIO) has entered into Nepalese hydropower. It is going to invest US $ 20 million in the 82 MW lower Solu hydropower (one of the super six projects) developed by Essel Clean Solu Hydropower Private Limited. It is participating in a loan arranged by the Dutch development bank, FMO, under the risk sharing agreement More …

NEPAL > U.S. Government & Deloitte to Supports Expansion of Nepal’s Hydropower

Deloitte-PLC The U.S. Embassy, through the U.S. Agency for International Development (USAID), today announced the launch of the Nepal Hydropower Development Project (NHDP). This five-year, $9.8 million project implemented by Deloitte Consulting LLP will support Government of Nepal efforts to expand the country’s access to modern, high-quality hydropower services and become an energy exporter in South Asia. Working with the Investment More …

NEPAL > Energy sector attracts Rs54b in FDI pledges

foreign-direct-investment-FDI With some landmark agreements over the last few years, energy has become the most lucrative sector in Nepal for foreign direct investment (FDI). The signing of the Project Development Agreement (PDA) of two major FDI projects—Upper Karnali and Arun III—and the signing of Power Trade Agreement (PTA) with India has boosted investors’ confidence. This is reflected in the FDI commitment More …

NEPAL > Target Seven-nation Power Grid

asia A Bimstec meeting yesterday finalised a draft deal to set up power grid connections for electricity trade among its seven member countries — Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka and Thailand. “After years of negotiation, the member states of Bimstec today finalised the draft of the deal,” said Anwar Hossain, joint secretary (development) of the Power Division yesterday. “We More …

NEPAL > China’s CWE forwards $1.5b FDI proposal to Investment Board of Nepal

West-Seti KATHMANDU, MAR 08 – The development of the 750MW West Seti Hydropower Project has taken a step forward, with China’s CWE Investment Company forwarding a $1.5-billion foreign direct investment (FDI) proposal to Investment Board Nepal (IBN). CWE, a subsidiary of China Three Gorges Corporation (CTGC), had signed a Memorandum of Understanding (MoU) with IBN in August 2012. The latest proposal, More …

NEPAL > New sectors open for FDI in Nepal

Cement Factory KATHMANDU, MAR 05 – Motions pictures, personal businesses such as hair salons, beauty parlours, tailoring, driver training providers, internal courier services and domestic food processing have been opened to foreign investment in the new Industrial Policy. The policy endorsed by the Cabinet last week has also opened catering services and rural tourism, except for certain tourism businesses, to foreign investment. More …