MoU signed on feasibility study of green hydrogen and fuel cell plant

Key Points

• Investment Board Nepal signed an MoU with G-Philos Company Limited for a feasibility study on establishing a green hydrogen and fuel cell plant.
• The project is estimated to cost Rs 6.8 billion and will be developed under the Public-Private Partnership model.
• Initiatives for green hydrogen in Nepal began under former Prime Minister KP Sharma Oli's tenure, supported by an Asian Development Bank study and Kathmandu University's research.
• Nepal has endorsed the Green Hydrogen Policy, 2080 BS, to promote renewable energy investments and achieve net-zero carbon emissions.