|
|
|
|
|
|
Nepal is rich with the hydro-resources, with access to one of the highest per capita hydropower potentials in the world. The estimated theoretical power potential is approximately 83000 MW; however, the economically feasible potential has been evaluated at approximately 43000 MW, of which only 262 MW or 0.2% of this potential had been harnessed.
The Government of Nepal has created a competitive and investment friendly environment by making the administrative procedures simple and easy and also providing attractive incentives and facilities to the foreign investors making Nepal one of the safest and suitable business destinations in the world.
The law of Nepal also assures the security of investments against nationalization. Besides this, Nepal being a member of Multilateral Investment Guarantee Agency (MIGA) assures the foreign investors against non-commercial risks like currency transfer, breach of contract, war and civil disturbances in the country. As of July 2004, according to the statistics of foreign investment division of Department of Industry, there are about 905 foreign direct investment projects in Nepal that worth approximately US$ 1.65 billion including hydropower. India, USA, China, UK, Norway, Japan, South Korea and Germany are the leading countries with highest number of projects in Nepal.
There are currently three hydro projects being promoted in Nepal involving foreign investment. A U.S.-Nepal joint venture has completed construction of the 36 MW Bhote Koshi project, a mixed public/private 60 MW Khimti developed on the Khimti River and one export oriented project in the offing 750 MW project on the West Seti River.
What in it for foreign investors:
- Business Visa Facility
- High Rate of Return
- Market Expansion and high demand on renewable energy
- Cheap Construction equipments on hire
- Cheap Manpower
- Cheap Construction Material
|
|
|
|
|
|
|
|
|
