NMB Bank signs agreement with Alternative Energy Promotion Center

The agreement has been signed for a loan loss guarantee under the sustainable energy challenge fund.

NL Today

  • Read Time < 1

Kathmandu: NMB Bank has signed an agreement with the Alternative Energy Promotion Center (AEPC)/Central Renewable Energy Fund (CREF) for a Loan Loss Guarantee under the Sustainable Energy Challenge Fund. 

The financing through the fund will be done in the Renewable Energy sector in Madhesh, Lumbini and Karnali Provinces. 

The fund is established with the support of the British Government-funded Nepal Renewable Energy Program.

The fund is established with the support of the British Government-funded Nepal Renewable Energy Program. The arrangement is expected to scale up renewable energy financing in the country with the bank able to secure 20 percent of the losses with the guarantee support, the bank said in a press release

ncell_ad