. NMB Bank has made financial closure of Tila 1 Hydropower Project. The bank is the lead investor of the 440 MW Tila-1 Hydropower Project located in Kalikot District.
The total cost of the project is Rs 59.40 billion and Rs
44.55 billion has been borrowed through the consortium. This financial arrangement is seen as another important achievement in Nepal’s energy development.
NMB Bank is the lead bank while Global IME, Himalayan Bank and Prabhu Bank are the co-lead banks.
Nepal has already invested in more than 50 hydropower projects and has been continuously contributing to the development of Nepal’s energy sector through sustainable and responsible investment.
The main leadership of SC Power Company Pvt. Ltd. is Susan Karmacharya and her group. The total capacity of the Tila 1 hydropower project is 440 MW as per the license and the project has to start commercial production as per the PPA. December 31, 2030 (December 31, 2030). Dinesh Dulal, Assistant General Manager of NMB Bank and Susan Karmacharya, Chairman of the company signed the agreement.
This is the largest hydropower project so far in terms of capacity of the project with the investment and leadership of the private sector. In the first year after the construction of the project, about Rs. It is estimated to earn Rs 11.4 billion. NMB Bank Ltd. Nepal Rastra Bank (NRB) has been prioritizing responsible and sustainable investment based on the evaluation of environmental and social aspects of the investment by implementing the environmental and social policy and management system in line with the Environmental and Social Risk Management Directives issued by the Nepal Rastra Bank.
NMB Bank has been providing banking services through a network of 197 branches, 176 ATMs and 9 extension counters across the country.
