March 21, 2022 | Investopaper
The Investment Board has so far approved Rs 1 trillion for 30 projects. The Board, set up to raise capital for large projects, has sanctioned the amount for projects including hydropower, cement, manufacturing industries, vehicle production, industrial parks, roads and logistics.
The board has approved Rs 63.72 billion for the Upper Tamor project, Rs 33.41 billion for the Manang Marshyangdi project and Rs 10.53 billion for the Jumkhola project. Similarly, Rs. 62.26 billion has been sanctioned for capital increase of Arun III project and Rs. 9.68 billion for capacity expansion of Dabur Nepal. 144 billion in Arun III, Rs. 73.15 billion in Upper Trishuli-1, Rs. 115 billion in Upper Karnali, Rs. 78.30 billion in Upper Marsyangdi-2, Rs. 37.35 billion in Hongsi Cement, and Rs 14.84 billion for Huaxin Cement.
Likewise, the board has approved investment of Rs 64.90 billion for Nepal China Friendship Industrial Park, Rs. 32.50 billion for the expansion of Dang Cement, Rs 15.06 billion for Samrat Cement and Rs 156.80 billion for 1,200 MW West Seti Hydro Project.
The projects with an investment of more than Rs 6 billion fall under the jurisdiction of the Investment Board. The Board has so far sanctioned investment for two and a half dozen projects while a dozen projects are in the pipeline waiting for the approval. Major projects including Muktinath Cable Car, Nijgadh Second International Airport, construction of outer ring road of Kathmandu, Multimodal logistics park, Dhulikhel Medicity etc. are in the process of approval.
The Investment Board is the body responsible for attracting large investments in public-private partnerships and foreign investment projects. The chairman of the investment board is the prime minister and the vice-chairman is the finance minister.
Projects Approved By Investment Board
|Project||Total Investment (In Rs. ‘Billion’)|
|West Seti Hydropower||159.04|
|Upper Marshyangdi-2 Hydropower||78.3|
|Upper Trishuli-1 Hydropower||73.15|
|China-Nepal Friendship Industrial Park||64.9|
|Upper Tamor Hydropower||63.87|
|Arun-3 Hydropower – Capital Increment||62.26|
|Manag Marshyangdi Hydropower||33.41|
|Dang Cement Industries||32.5|
|Kaligandaki Gorge Hydropower||28.06|
|Grid Connected Solar Photo Voltaic Plus Battery Storage||21.88|
|Ghunsa Khola Hydropower||17.62|
|Huaxin Cement Cement||14.82|
|Isuwa Khola Hydropower||13.57|
|Marshyangdi Besi Hydropower||11.77|
|Himchuli Dordi Hydropower||10.61|
|Vehicle Manufacturing and Assembly Plant||10.54|
|Jum Khola Hydropower||10.5|
|Dudh Khola Hydropower||10.43|
|Myagdi Khola Hydropower||10.31|
|Upper Trishuli-3B Hydropower||8.22|
|Aankhu Khola Hydropower||6.3|
|Kathmandu Solid Waste Management (Package I)||4.87|
|Kathmandu Solid Waste Management (Package II&III)||0.79|
|Venture Waste to Energy, Dharan||0.24|