Investment Board Nepal signs MoU with Korean firm for green hydrogen study

Summary

Investment Board Nepal has signed an MoU with South Korea’s G-Philos to conduct a feasibility study for a green hydrogen and fuel cell plant in Nepal, aiming to boost sustainable energy and bilateral cooperation.

Key Points
  • Investment Board Nepal signed an MoU with South Korea’s G-Philos for a green hydrogen and fuel cell plant feasibility study.
  • G-Philos will submit a detailed feasibility report within 10 months of getting survey permission.
  • South Korean Ambassador Park Tae-Young emphasized Nepal's renewable energy potential and bilateral cooperation.
  • The project aims to diversify Nepal's energy sources and support sustainable development goals.
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