Kathmandu, Jan. 26
The Investment Board of
Nepal (IBN) has initiated the Detailed Feasibility Study Report (DFSR) for the
250-Megawatt capacity solar energy project.
It has signed a Memorandum
of Understanding (MoU) with the Risen Energy Singapore JP Pte. Ltd. on Tuesday
for the grid-connected solar project that will also feature a 40-Megawatt
battery storage plant, said the IBN in a statement.
The study will be
conducted in Kohalpur, Banke district
for 125-Megawatt solar energy and 20-MW battery storage capacity and in Banganga,
in Kapilvastu district for 125-MW energy and 20-MW storage capacity.
The project will be
developed at the cost of US$189.5 million (Rs. 21.98 billion).
Risen Energy will
complete the DFSR and submit it to the IBN within a year.
Chief Executive Officer
of the IBN Sushil Bhatta and Risen Energy’s Development Manager for South Asia
Wang Qiang signed the MoU at a programme organised at the IBN office on
Tuesday.
A meeting of IBN in
July of last year had decided to entrust the responsibility of DFSR to Risen
Energy.
The project is the
largest of its kind in Nepal.
Published in The Rising Nepal daily on 27 January 2021.
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