Koshi Province has signed agreements worth NPR 152.16 billion for 46 projects, including a major green hydrogen-based fertilizer plant, during the Investment Summit 2025.
nvn news
Sun May 04 2025
At the two-day Koshi Province Investment Summit 2025, the Koshi Province government signed agreements for projects worth NPR 152.16 billion. The event, which concluded on Friday, saw agreements signed for 46 projects in the presence of Koshi Province Chief Minister Hikmat Kumar Karki.
During the closing ceremony, the Chief Executive Officer of the Province Investment Authority, Saroj Koirala, along with investors, signed the agreements. According to the authority, the signed agreements cover a variety of sectors, including agriculture (eight projects), energy (three), industry (12), infrastructure (nine), information technology (two), tourism (10), and waste management (two). A total of 19 projects are from the private sector, and 27 are public-private partnership (PPP) projects.
A key agreement was the establishment of a chemical fertilizer plant based on green hydrogen. The agreement was signed between CEO Koirala and Galab Bahadur Dhungana, managing director of Green Hydrogen Company. Viraj Singh Thapa, Associate Professor at Kathmandu University, mentioned that this project, which has been in discussion for 40 years, is the first government-backed initiative for the plant.
The project, which will require an investment of NPR 26 billion, is expected to complete the Detailed Project Report (DPR) within three years. The plant will be located between Udaypur and Sunsari. The project plans to use carbon dioxide from Udaypur Cement in the production process, helping manage emissions and supporting food security.
Associate Professor Thapa emphasized that this project will bring revolutionary changes to Nepal’s agriculture, energy, and industrial sectors. The plant will operate under the PPP model, aiming to meet the growing demand for chemical fertilizers in the country.
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