Machhapuchchhre Bank Finances 20 MW Solar Project in Sunsari
Summary
Machhapuchchhre Bank Limited has completed financial closure for a 20 MW grid-connected solar power project in Sunsari, Koshi Province. The bank will serve as the sole financier, covering up to 80% of the project cost.
Key Points
- Machhapuchchhre Bank Limited has completed the financial closure of a 20 MW grid-connected solar power project promoted by Pashupati Energy Pvt. Ltd. in Sunsari.
- The bank is the sole financier and will fund up to 80% of the project’s total cost.
- The construction period for the solar project has been set at 1.5 years.
- The project is expected to expand Nepal’s renewable energy capacity and support clean energy infrastructure.
