24.75°C Kathmandu
Wed, Sep 23, 2026
Money
Nepal, Malaysian firm sign MoU to prepare feasibility study for fertiliser plant
The proposed project at Abukhaireni, Tanahun is estimated to cost $260 million.
bookmark
Post Report
Published at : September 27, 2023
Updated at : September 28, 2023 08:00
Kathmandu
Investment Board Nepal and Malaysia-based reNIKOLA Sdn Bhd, on Wednesday, signed a Memorandum of Understanding (MoU) to prepare the detailed feasibility study report for the establishment of a green calcium ammonium nitrate fertiliser plant in Nepal.
Sushil Bhatta, chief executive officer of Investment Board Nepal and Boumhidi Abdelali, managing director of reNIKOLA Sdn Bhd signed the MoU on behalf of their respective organisations.
The proposed project at Abukhaireni, Tanahun is estimated to cost $260 million, which will produce 95,600 tonnes of green ammonia and 286,975 tonnes of green calcium ammonium nitrate annually.
Most Read from Money
A flood of bad news leaves Nepal’s tourist hubs eerily quiet
How crypto found a ‘legal’ route into Nepal’s relief efforts
Nepalis cut back on food as ‘hyperinflation’ and shortages bite
Germany provides €8 million in assistance to Nepal after Bhotekoshi floods
Why was Nepal’s stock market shut on Monday
Editor's Picks
What triggered the Rasuwa flood? Scientists piece together a complex chain of events
The floods keep coming. Nepal keeps starting over
In a settlement destroyed by the Bhotekoshi flood, a disabled couple offer strangers the little they have
Nepal working on detailed assessment as Bhotekoshi flood reconstruction could cost up to $5 billion
Rabindra Dhant gave Nepal a reason to smile. Now his camp wants real action behind the praise
E-PAPER | September 23, 2026
×