Kathmandu. NMB Bank and Kang Hydropower Company have signed a financial arrangement to invest in the 17.85 MW Upper Maiwa Khola Hydropower Project located in Taplejung district, Maiwakhola and Meringden rural municipalities.
Dinesh Dulal-Chief, Sustainable Energy Banking and Kang Hydropower Company’s Managing Director Ganesh Prasad Subba signed the loan agreement on behalf of nmb bank.
Chief Executive Officer of NMB Bank Govinda Ghimire and Managing Director of nmb Bank Ganesh Prasad Subba exchanged the loan agreement on behalf of the company.
On the occasion, Chief Executive Officer of NMB Bank Limited Govinda Ghimire urged the company to complete the project within the stipulated cost and time frame and to identify appropriate solutions keeping in mind the technical aspects, environmental and environmental aspects while constructing the project.
Ganesh Prasad Subba thanked NMB Bank and expressed commitment to complete the Upper Maiwa Khola Hydropower Project within the stipulated cost and time frame.
NMB Bank Limited has invested in more than 50 hydropower projects so far.
Nmb Bank has formulated environmental and social policy (Environmental and Social Policy) as per the directives issued by Nepal Rastra Bank and has implemented environment and social management system (Environmental and Social Management System) to manage the environmental and social risks of the project accordingly.
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