Kathmandu: South Korea’s G-Philos Ltd. has submitted a proposal to Nepal’s Investment Board to set up a pilot 20 MW green hydrogen production plant and a fuel cell facility. The company submitted a pre-feasibility report in May 2025 and was granted approval for a detailed feasibility study by the Board’s 63rd meeting in mid-June.
The proposed investment—worth around NPR 6.87 billion (USD 50 million)—will explore large-scale hydrogen production using Nepal’s surplus hydroelectricity via electrolysis. The project aims to support domestic demand in industry, transportation, fertilizer production, and energy storage, with potential exports to India and China.
Nepal has prioritized green hydrogen technology for urea fertilizer production. A separate study by a German multinational has proposed three technological models for establishing a fertilizer plant in Nawalparasi. A technical committee led by Investment Board CEO Sushil Gyewali will review these options.
In parallel, a separate MoU was signed between Koshi Province’s Investment Authority and Nepal Green Hydrogen Pvt. Ltd. to establish a green hydrogen-based urea plant in Sunsari or Udayapur. The project is estimated to cost NPR 32 billion, produce 650 metric tons daily, and require 401.8 MW of power.
Kathmandu University has been a key player in this sector, having already piloted hydrogen car refueling and presented this project at the recent Koshi Investment Summit. Experts believe Nepal has strong potential to become a low-cost exporter of green hydrogen in the global market over the next three decades.
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