Sanima Bank Appointed Agent for CEXIM-Financed Hydropower Projects in Nepal
Summary
Sanima Bank has been appointed as the agent bank by the Export-Import Bank of China to facilitate financing for two major hydropower projects in Nepal, supporting infrastructure growth and international trade relations.
Key Points
- Sanima Bank was appointed as agent bank by CEXIM for financing two hydropower projects in Nepal.
- The projects include Manang Marsyangdi Hydropower (135 MW) and Langtang Motekoshi Hydropower (120 MW).
- An agreement was signed at CEXIM’s Sichuan branch with top officials from both banks.
- The collaboration is expected to enhance Nepal's infrastructure, trade relations, and sustainable development.
