Kathmandu, Aug. 28 -- The Investment Board Nepal (IBN) has signed a memorandum of understanding with South Korea's G-Philos to prepare a detailed feasibility study report for establishing a green hydrogen and fuel cell plant in Nepal.

The agreement was signed in Kathmandu on Thursday by IBN Chief Executive Officer Sushil Gyewali and G-Philos CEO Gawoo Park.

Under the MoU, the Korean company will conduct the study and submit a detailed feasibility report within 10 months of receiving survey permission from the board.

South Korean Ambassador to Nepal Park Tae-Young, who was present at the signing ceremony, said Nepal has vast potential for renewable clean energy. He said such projects would not only support Nepal's commitment to sustaina...