NRB to provide refinancing facilities to pandemic-hit hydropower projects

NL Today

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Kathmandu: Nepal Rastra Bank (NRB) – the central bank of Nepal – is set to provide refinancing facilities to hydropower projects facing trouble due to several reasons.

The central bank has made relief arrangements focusing on the projects in trouble by amending the ‘Nepal Rastra Bank Refinancing Work Procedure, 2021’.

The facilities would be provided to the projects identified by the report of the committee formed to commission a study on the problems of pandemic-hit private sector-led hydropower projects.

The refinancing facilities would be provided to the small hydropower projects below the capacity of 10 MW for a year in maximum. The central bank has provided refinancing up to Rs 1.5 million each to small and cottage industries and special and general refinancing up to Rs 50 million.

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