Nepal Bank Signs Loan Agreement for Chitwan Energy's Lower Thulokhola Hydropower Project
Summary
Nepal Bank Limited has signed a loan agreement with Chitwan Energy Limited to finance the 4.75 MW Lower Thulokhola Hydropower Project, which is planned to be upgraded to 6.51 MW. The project will be funded under a 70:30 debt-to-equity ratio.
Key Points
- Nepal Bank Limited signed a loan agreement with Chitwan Energy Limited for the Lower Thulokhola Hydropower Project.
- The 4.75 MW project is proposed to be upgraded to 6.51 MW.
- The financing structure will follow a 70:30 debt-to-equity ratio.
- Nepal Bank CEO Tilak Raj Pandey and Chitwan Energy Director Gopal Prasad Neupane signed the agreement.
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