KATHMANDU: The closing day of Nepal Investment Summit 2019 saw signing of 15 different agreements on Saturday. An agreement letter has been signed for the construction of the 216 MW Upper Trishuli hydropower Project at an investment of USD 650 million.
Likewise, Chaudhary Group and Sky Power signed an investment agreement for 600 MW solar project. CG Mobile reached an agreement for operating 5G mobile in Nepal. Similarly, an agreement letter was signed between Chaudhary Group and Province 2 for solar energy projects in the province.
Satluj Jal Vidyut Nigam that had been failing to gather investment for the 900 MW Arun III hydro project has signed investment agreement with Everest Bank, State Bank of India and Nabil Bank.
Likewise, Hydro Solution and Chinese company Yunan Hydro signed an agreement for the construction of 164 MW Kaligandaki III hydropower project and International Finance Corporation (IFC) and Nepal Investment Board (IBN) signed agreement for Special Economic Zone (SEZ) in Samara on a Public Private Partnership model.
Moreover, an agreement was reached for the construction of Himalaya Boutique Resort in Banepa and Non-Resident Nepali Association (NRNA) signed agreement with Department of Industry for investment of Rs 10 billion for infrastructure development in Nepal.
Likewise, United Finance and Muthoot Group reached agreement for investment of Rs 390 million.
Likewise, Kandel Group operated by NRNs in Britain reached an agreement for construction of 18 MW solar project, 19 MW hydro power project and 10 MW wind power project in collaboration with Api Power Company.
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