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Showing posts with the label NRN

Walking the talk....

These days we hear a lot about interest in investing in the hydro power sector.... In past couple of weeks, we have heard NRNs and trade delegation from UK showing their utmost interest ... This enthusiasm from the investment community is quiet encouraging...................................Ignoring all these good news,Gyanendra Lal Pradhan, chairman of the Hydropower Development Committee at Federation of Nepalese Chambers of Commerce and Industry (FNCCI) today has formally asked the Government to "Bailout" 28 hydro power companies.......He has blamed the following reasons for the sorry state of these 28 hydro projects ... increasing cost of construction materials and i ncreased interest rate are the major factors making hydropower projects costlier. Over the last two years, the i nterest rate has increased by 5-7 percent points. Gyanendra Lal Pradhan, said other projects except Khimti, Bhotekoshi, Chilime and Butwal Power Company are in trouble. “The projects that starte...

NON Resident Nepali venture Fund...

How to encourage and incentivize Non Resident Nepali to diverge their foreign banks savings into productive sectors of Nepal was discussed in the Non-Resident Nepali (NRN) conference, which was held in Dubai between Jan 14- Jan 16, 2011. Considering the current political situation of the country, hopes for increase in foreign direct investment or foreign insistuational investment is very slim. Majority of Nepali diasporas all around the world are willing and wanting to contribute to socio-economic development of their motherland. However, they are reluctant to invest because of the lack of safe investment opportunities and skeptical to give charities due to ineffectiveness and un-sustainability of philanthropy. Impact investments venture fund (IIVF) might be the perfect investment vehicle to attract foreign capital inflow from the NON Resident Nepali. Manage by private sector financial experts IIVF is a hybrid between venture capital and philanthropy.Capital pooled in by ...