Nepal, South Korea ink MoU to study feasibility of green hydrogen and fuel cell plant

Key Points

• Investment Board Nepal signed a memorandum of understanding with South Korean company G-Philos to prepare a feasibility study for a green hydrogen and fuel cell plant in Nepal.
• The project is estimated to cost Rs 6.8 billion and will be developed under a Public-Private Partnership model.
• Nepal's green hydrogen development journey began under former PM KP Sharma Oli with studies supported by the Asian Development Bank and research at Kathmandu University.
• The government has endorsed the Green Hydrogen Policy, 2080 BS, to promote investment and usage of renewable energy with a goal toward net-zero carbon emissions.