Wednesday, February 29, 2012

Nepal Investment News FEB 28th 2012


  • IFC’s annual assistance to Nepal could go up to $100 million -$200 million.click here to read 
  •  "The government and China´s Three Gorges Corporation (TGC) on Wednesday signed a Memorandum of Understanding (MoU) on construction of the 750-MW West Seti Hydro Electricity Project 

    The project will cost USD 1.6 billion. As per the MoU, the Chinese power company will have 75 percent of the total investment, while the Nepal Electricity Authority will bear the remaining 25 percent of the project cost. 

    The MoU also requires that the TGC should issue shares of one to five per cent of the its total investment to Nepali nationals." click here to read more

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