Nepal’s Investment Board and Malaysia-based renewable energy company reNikola Holdings Sdn Bhd on Sept. 28 signed a Memorandum of Understanding (MOU) to prepare a detailed feasibility study for setting up a green ammonia and calcium ammonium nitrate (CAN) fertilizer plant in Nepal, the Kathmandu Post reported.
The location of the proposed project is Anbu Khaireni in the Tanahun district of central Nepal. Production capacities of 95,600 mt/y of green ammonia and 286,975 mt/y of green CAN are proposed, according to the report. The estimated cost of the project is put at $260 million.