IBN interacts with developers

KATHMANDU: The Office of the Investment Board, Nepal has briefed the progress of Public Private Partnership and Private investment projects facilitated by the Investment Board Nepal (IBN) to the concerned stakeholders, including PM Pushpa Kamal Dahal and had an interaction with developers of those projects on Friday.

CEO of the IBN, Sushil Bhatta briefed the PM and other stakeholders on project development and management, investment promotion, institutional development, and coordination collaboration and partnerships in line with the Public Private Partnership and Investment Act, 2019 and Strategic Plan of IBN.

During interaction, the developers of Arun-III and Lower Arun Hydroelectric Projects; Hongshi Shivam Cement Project, Huaxin Narayani Cement Project, Upper Karnali Hydroelectric Project, Upper Trishuli-1 Project, Upper Marsyangdi-2 Peaking Run of the River (PRoR) Hydroelectric Project, West Seti Storage and Seti River-6 PRoR Hydroelectric Project, Dabur Nepal, China-Nepal Friendship Industrial Park Project, Risen Nepal Solar Energy Project and Muktinath Cable Car briefed on the progress implementation status and key challenges.

At the end of the program, the Rt. Hon’ble Prime Minister assured the developer that Investment Board and Government of Nepal will extend all necessary support and coordination for progressing project implementation and completing the project within the stipulated timeframe, and gave special instructions to the Office of the Investment Board Nepal for future performance of the IBN.