By Karuna Thapa
Kathmandu, April 1
The Investment Board has authorized Rs. 14.27 billion investments in the Suryatara Cement Project for construction, operation, and management.
The investment was authorized at the Investment Board’s 50th meeting, which was headed by Prime Minister and Chairman Sher Bahadur Deuba. Suryatara Cement Industry will be built in Surkhet’s Panchpurami.
The council also voted to give DIAG Industries GmbH of Germany a license to conduct a full
feasibility assessment for the construction of a chemical fertilizer facility at Bardaghat,
Nawalparasi.
The meeting also accepted the complete project report on the Lower Arun Hydropower Project presented by the proposing business (669 MW). Similarly, the Office of the Board of Investment has been directed to investigate the problem of the Upper Karnali Hydropower Project’s financial management extension and submit a report based on the report given by the committee chaired by the Vice-Chairman of the National Planning Commission.
Under the direction of the Vice-Chairman of the National Planning Commission, the meeting
formed two separate study committees to examine the development and investment structure of the Nijgadh International Airport project, as well as free energy from the Arun III hydropower project and the purchase of additional energy.
The meeting approved the DBFOM model concept paper for the establishment of an
investment board fund and the design-construction-finance-operation and maintenance of the public-private partnership concept and directed the investment board’s office and related bodies to make the necessary legal and institutional arrangements.
The Board of Investment has approved the criteria for the operation and control of intern
recruitment, as well as the requirements for the establishment of an expert committee or task force, the nomination of professionals, and remuneration and facilities, which include the Ministry of Finance’s view.
