Foreign Investment Climate

All of a sudden Nepal has been bombarded by summits. In the past few months, different organizers have held several investment/infrastructure summits so hastily. The objective of those summits was to attract foreign investment in the country but the outcomes were not that satisfactory. However, ‘Investment Summit 2017’ organized by Investment Board, Nepal last week did draw world’s attention. Investors pledged a jaw-dropping FDI commitment of US $ 13.51 billion.

Govt plans to consider six months as dry season

Government plans to increase dry season period to six months from four months. This certainly is a good news for IPPs as the RoR projects will be entitled to get dry season rate (Rs. 8.40 per kWh) for six months (December to May). However, it comes with a clause which to me is useless and is not in the favor of project and the country as a whole.