Third Investment Summit: Govt seeking letters of intent for 20 projects

KATHMANDU: The government has planned to call for the letters of intent for 20 projects- mostly the hydropower projects- in the Third Investment Summit.

The two-day summit is commencing in the federal capital today.

The letters of intent are being sought from both national and foreign investors for the projects identified and feasibility studies completed.

Dhulikhel Medicity Project is one for which the letter of intent is sought. The proposal for the project is prepared- with the location of a super special hospital at Dhulikhel, Kavrepalanchowk at the cost of Rs 11 billion. Government has planned to construct the super special hospital in a bid to develop a medical tourism hub.

Similarly, Sudurpaschim Public Transport Project is another for which the letter of intent is called for. It aims at improving public transportation in Kailali, Kanchanpur and Doti districts of Sudurpaschim Province. For the project, 173 buses including 104 electric vehicles are proposed under it, with the estimated cost of Rs 31.13 billion, and the term is three years.

Naumure Multi-Purpose Project with estimated cost of Rs 92 billion is also in the list. As per the proposal, total 281.04 MW electricity would be generated from the project.

The Shivalaya Reservoir-based Hydropower is proposed at the border of Dolakha and Ramechhap districts. It is the largest hydropower project with an estimated cost of Rs 289 billion.

Humla Karnali Hydropower Project of 61.2 MW project will be located at Namkha Rural Municipality of Humla district. The project cost is around Rs 14.70 billion.

The Upper Chameliya Hydropower Project with the capacity of 53.85 MW is estimated to require investment of Rs 11.90 billion.

Panchkhal Special Economic Zone in Panchkhal Municipality has aimed at creating jobs by promoting economic activities. Rs 1.57 is the estimated cost of the undertaking.

Kabadikhola Hydropower Project to be located at mountainous place in the border of Bajura and Humla districts is proposed to be operated in a BOOT model. It requires Rs 6.41 billion investment. The feasibility study for the project was done in 2020.

Another hydropower to be located in Tanahun, Palpa, Nawalpur and Syangja districts is Kaligandaki-II is the reservoir-based hydropower. Total Rs 174 billion is the estimated investment for the project.

A 377MW hydropower project named Bharbung Reservoir-based Hydropower Project is listed for the undertaking the government is showcasing for letter of intent in the two-day event.

There are other hydropower projects like Tom Dogar Budhugandaki Hydropower Project with location at Chumnubri of Gorkha, and Super Budhigandaki Hydropower Project with location in Gorkha.

In addition to the hydropower projects, other projects the government is showcasing to elicit concept paper are- Pokhara International Convention Centre and Exhibition Centre, Daiji Industrial Zone, Babarmahal Administrative Plaza, Mahadev Stream Reservoir focused on climate actions, Karnali-Chisapani Wind Energy Project, Chandragiri-Chitwan Expressway, Janaki Heritage Hotel and Cultural Village, Dhaubadi Iron Mine and Excavation Project.