KATHMANDU: Hongshi-Shivam Cement Pvt Ltd (HSC) representatives gave a presentation on 16 December to the Investment Facilitation and Coordination Committee (IFCC) on the project’s progress, operation time-line, corporate commitments, and the issues and challenges faced by the developer during project implementation.
At the 5th meeting of IFCC, representatives from HSC said that the lingering process of securing approval for the environment impact assessment (EIA), difficulties in getting connected with electricity and transmission lines, restrictions on the purchasing of land above the set limit, and lack of clarity of taxation laws are pressing problems facing the company. On the occasion, representatives from the different government agencies assured the developer that they would give priority to IBN projects.
The HSC project is one of the largest in-coming foreign investment projects and is expected to be one of the largest cement/clinker production plants in Nepal, with a capacity of 12,000 tpd over two phases (6,000 tpd in each phase). •