Nepal: Dangote Group has asked the government of Nepal to help it find land to build a cement plant with an investment of US$800m. The Nigerian-based cement producer announced that it has been looking at Dang, Makwanpur and Dhading districts as possible locations following a meeting between Dangote's CEO KR Rao and the Nepalese Finance Minister Shankar Prasad Koirala.
Dangote has asked the Nepalese government to provide 30MW of power for the project. It intends to generate another 30MW for the plant by using a captive power plant.
In late 2013 the Investment Board Nepal (IBN) gave clearance for Dangote to invest in a cement plant in Nepal. Dangote will spend US$550m the first phase of its investment plan in Nepal.