NMB Bank Leads Rs. 44.55 Billion Financing for 440 MW Tila-1 Hydropower Project
Summary
NMB Bank Limited has led Rs. 44.55 billion financing for the 440 MW Tila-1 Hydropower Project in Kalikot, being developed by S.C. Power Company Pvt. Ltd. The project is estimated to cost Rs. 59.4 billion and is expected to begin commercial operation by Poush 15, 2087 BS.
Key Points
- NMB Bank Limited is the lead bank for financing the 440 MW Tila-1 Hydropower Project in Kalikot.
- The project, developed by S.C. Power Company Pvt. Ltd., has a total estimated cost of Rs. 59.4 billion, with Rs. 44.55 billion arranged through bank financing.
- Global IME Bank, Himalayan Bank and Prabhu Bank are serving as co-lead banks, with other financial institutions joining as lenders.
- NMB Bank says the project was screened using environmental and social risk tools and aligns with sustainable investment policies.
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