Nepalese government reportedly approves establishment of new cement plant
According to local press, the Nepal Investment Board, which is led by Prime Minister Sushil Koirala, has approved the Reliance Group’s proposal to build a cement plant in the country. The Indian cement producer plans to invest US$400 million in the new plant, which will be located in the south of the country. As per the reports, the Reliance Group is due to conduct a study into the establishment of the plant in the central or eastern Terai region of Nepal’s southern plains.
The Board has also approved a hydropower project by India’s Satluj Jal Vidyut Nigam Limited.
Edited from various sources by Louise Fordham
Sources:
Read the article online at: https://www.worldcement.com/asia-pacific-rim/24112014/nepal-reportedly-grants-approval-for-reliance-group-cement-plant-896/
You might also like
Cemex to divest its operations in the Philippines
Cemex has announced that its subsidiary, Cemex Asia B.V., has signed an agreement with DACON Corporation, DMCI Holdings, Inc. and Semirara Mining & Power Corporation for the sale of its operations and assets in the Philippines.
