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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Having experience of financing around 46 hydropower projects, NMB Bank said it shall lead the project under consortium arrangement with inclusion of other Banks and Financial Institutions to finance the project.</span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Issuing a statement on Wednesday, the bank said this project has been included in the ‘People’s Hydropower Programme’ of the Government of Nepal.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">According to NMB Bank, the major promoters of Remit Hydro Ltd include Hydroelectricity Investment and Development Company Ltd and equity collected from people working abroad (remittance).</span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Having experience of financing around 46 hydropower projects, NMB Bank said it shall lead the project under consortium arrangement with inclusion of other Banks and Financial Institutions to finance the project.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The estimated cost of the project is Rs 18.25 billion, according to NMB Bank.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Issuing a statement on Wednesday, the bank said this project has been included in the ‘People’s Hydropower Programme’ of the Government of Nepal.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">According to NMB Bank, the major promoters of Remit Hydro Ltd include Hydroelectricity Investment and Development Company Ltd and equity collected from people working abroad (remittance).</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">NMB Bank said it has already adopted Environmental and Social Risk Policy and started implementing Environmental and Social Management System within its business portfolio as directed by Nepal Rastra Bank’s guidelines on Environmental and Social Risk Management, 2022. In addition, the bank is committed to apply international good practices such as IFC performance standards in project financing including hydropower sectors, the statement added. </span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Having experience of financing around 46 hydropower projects, NMB Bank said it shall lead the project under consortium arrangement with inclusion of other Banks and Financial Institutions to finance the project.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The estimated cost of the project is Rs 18.25 billion, according to NMB Bank.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Issuing a statement on Wednesday, the bank said this project has been included in the ‘People’s Hydropower Programme’ of the Government of Nepal.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">According to NMB Bank, the major promoters of Remit Hydro Ltd include Hydroelectricity Investment and Development Company Ltd and equity collected from people working abroad (remittance).</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">NMB Bank said it has already adopted Environmental and Social Risk Policy and started implementing Environmental and Social Management System within its business portfolio as directed by Nepal Rastra Bank’s guidelines on Environmental and Social Risk Management, 2022. In addition, the bank is committed to apply international good practices such as IFC performance standards in project financing including hydropower sectors, the statement added. </span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Having experience of financing around 46 hydropower projects, NMB Bank said it shall lead the project under consortium arrangement with inclusion of other Banks and Financial Institutions to finance the project.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The estimated cost of the project is Rs 18.25 billion, according to NMB Bank.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Issuing a statement on Wednesday, the bank said this project has been included in the ‘People’s Hydropower Programme’ of the Government of Nepal.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">According to NMB Bank, the major promoters of Remit Hydro Ltd include Hydroelectricity Investment and Development Company Ltd and equity collected from people working abroad (remittance).</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">NMB Bank said it has already adopted Environmental and Social Risk Policy and started implementing Environmental and Social Management System within its business portfolio as directed by Nepal Rastra Bank’s guidelines on Environmental and Social Risk Management, 2022. In addition, the bank is committed to apply international good practices such as IFC performance standards in project financing including hydropower sectors, the statement added. </span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">NMB Bank has been awarded with the prestigious Bank of the Year award four times, by The Bank Magazine of The Financial Times, London in 2017, 2018, 2020 and 2021. The bank was recently awarded Bank of the Year Asia in 2021. NMB Bank is currently providing its services through 201 branches, 138 ATMs and nine extension counters.</span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Having experience of financing around 46 hydropower projects, NMB Bank said it shall lead the project under consortium arrangement with inclusion of other Banks and Financial Institutions to finance the project.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The estimated cost of the project is Rs 18.25 billion, according to NMB Bank.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Issuing a statement on Wednesday, the bank said this project has been included in the ‘People’s Hydropower Programme’ of the Government of Nepal.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">According to NMB Bank, the major promoters of Remit Hydro Ltd include Hydroelectricity Investment and Development Company Ltd and equity collected from people working abroad (remittance).</span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Having experience of financing around 46 hydropower projects, NMB Bank said it shall lead the project under consortium arrangement with inclusion of other Banks and Financial Institutions to finance the project.</span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Issuing a statement on Wednesday, the bank said this project has been included in the ‘People’s Hydropower Programme’ of the Government of Nepal.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">According to NMB Bank, the major promoters of Remit Hydro Ltd include Hydroelectricity Investment and Development Company Ltd and equity collected from people working abroad (remittance).</span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Having experience of financing around 46 hydropower projects, NMB Bank said it shall lead the project under consortium arrangement with inclusion of other Banks and Financial Institutions to finance the project.</span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Issuing a statement on Wednesday, the bank said this project has been included in the ‘People’s Hydropower Programme’ of the Government of Nepal.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">According to NMB Bank, the major promoters of Remit Hydro Ltd include Hydroelectricity Investment and Development Company Ltd and equity collected from people working abroad (remittance).</span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">NMB Bank has been awarded with the prestigious Bank of the Year award four times, by The Bank Magazine of The Financial Times, London in 2017, 2018, 2020 and 2021. The bank was recently awarded Bank of the Year Asia in 2021. NMB Bank is currently providing its services through 201 branches, 138 ATMs and nine extension counters.</span></span></span></p>
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February 16: NMB Bank signed a Memorandum of Understanding (MoU) with Remit Hydro Ltd to finance the 77.5 MW Ghunsa Khola Hydroelectric Project located in Taplejung district.
Having experience of financing around 46 hydropower projects, NMB Bank said it shall lead the project under consortium arrangement with inclusion of other Banks and Financial Institutions to finance the project.
The estimated cost of the project is Rs 18.25 billion, according to NMB Bank.
Issuing a statement on Wednesday, the bank said this project has been included in the ‘People’s Hydropower Programme’ of the Government of Nepal.
According to NMB Bank, the major promoters of Remit Hydro Ltd include Hydroelectricity Investment and Development Company Ltd and equity collected from people working abroad (remittance).
NMB Bank said it has already adopted Environmental and Social Risk Policy and started implementing Environmental and Social Management System within its business portfolio as directed by Nepal Rastra Bank’s guidelines on Environmental and Social Risk Management, 2022. In addition, the bank is committed to apply international good practices such as IFC performance standards in project financing including hydropower sectors, the statement added.
NMB Bank has been awarded with the prestigious Bank of the Year award four times, by The Bank Magazine of The Financial Times, London in 2017, 2018, 2020 and 2021. The bank was recently awarded Bank of the Year Asia in 2021. NMB Bank is currently providing its services through 201 branches, 138 ATMs and nine extension counters.
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Having experience of financing around 46 hydropower projects, NMB Bank said it shall lead the project under consortium arrangement with inclusion of other Banks and Financial Institutions to finance the project.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The estimated cost of the project is Rs 18.25 billion, according to NMB Bank.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Issuing a statement on Wednesday, the bank said this project has been included in the ‘People’s Hydropower Programme’ of the Government of Nepal.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">According to NMB Bank, the major promoters of Remit Hydro Ltd include Hydroelectricity Investment and Development Company Ltd and equity collected from people working abroad (remittance).</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">NMB Bank said it has already adopted Environmental and Social Risk Policy and started implementing Environmental and Social Management System within its business portfolio as directed by Nepal Rastra Bank’s guidelines on Environmental and Social Risk Management, 2022. In addition, the bank is committed to apply international good practices such as IFC performance standards in project financing including hydropower sectors, the statement added. </span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Issuing a statement on Wednesday, the bank said this project has been included in the ‘People’s Hydropower Programme’ of the Government of Nepal.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">According to NMB Bank, the major promoters of Remit Hydro Ltd include Hydroelectricity Investment and Development Company Ltd and equity collected from people working abroad (remittance).</span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">According to NMB Bank, the major promoters of Remit Hydro Ltd include Hydroelectricity Investment and Development Company Ltd and equity collected from people working abroad (remittance).</span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The estimated cost of the project is Rs 18.25 billion, according to NMB Bank.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Issuing a statement on Wednesday, the bank said this project has been included in the ‘People’s Hydropower Programme’ of the Government of Nepal.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">According to NMB Bank, the major promoters of Remit Hydro Ltd include Hydroelectricity Investment and Development Company Ltd and equity collected from people working abroad (remittance).</span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Having experience of financing around 46 hydropower projects, NMB Bank said it shall lead the project under consortium arrangement with inclusion of other Banks and Financial Institutions to finance the project.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The estimated cost of the project is Rs 18.25 billion, according to NMB Bank.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Issuing a statement on Wednesday, the bank said this project has been included in the ‘People’s Hydropower Programme’ of the Government of Nepal.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">According to NMB Bank, the major promoters of Remit Hydro Ltd include Hydroelectricity Investment and Development Company Ltd and equity collected from people working abroad (remittance).</span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Having experience of financing around 46 hydropower projects, NMB Bank said it shall lead the project under consortium arrangement with inclusion of other Banks and Financial Institutions to finance the project.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The estimated cost of the project is Rs 18.25 billion, according to NMB Bank.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Issuing a statement on Wednesday, the bank said this project has been included in the ‘People’s Hydropower Programme’ of the Government of Nepal.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">According to NMB Bank, the major promoters of Remit Hydro Ltd include Hydroelectricity Investment and Development Company Ltd and equity collected from people working abroad (remittance).</span></span></span></p>
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'title' => 'NMB Bank to Finance 77 MW Ghunsa Khola Hydroelectric Project',
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'summary' => 'February 16: NMB Bank signed a Memorandum of Understanding (MoU) with Remit Hydro Ltd to finance the 77.5 MW Ghunsa Khola Hydroelectric Project located in Taplejung district.',
'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">February 16: NMB Bank signed a Memorandum of Understanding (MoU) with Remit Hydro Ltd to finance the 77.5 MW Ghunsa Khola Hydroelectric Project located in Taplejung district. </span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Having experience of financing around 46 hydropower projects, NMB Bank said it shall lead the project under consortium arrangement with inclusion of other Banks and Financial Institutions to finance the project.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The estimated cost of the project is Rs 18.25 billion, according to NMB Bank.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Issuing a statement on Wednesday, the bank said this project has been included in the ‘People’s Hydropower Programme’ of the Government of Nepal.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">According to NMB Bank, the major promoters of Remit Hydro Ltd include Hydroelectricity Investment and Development Company Ltd and equity collected from people working abroad (remittance).</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">NMB Bank said it has already adopted Environmental and Social Risk Policy and started implementing Environmental and Social Management System within its business portfolio as directed by Nepal Rastra Bank’s guidelines on Environmental and Social Risk Management, 2022. In addition, the bank is committed to apply international good practices such as IFC performance standards in project financing including hydropower sectors, the statement added. </span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">NMB Bank has been awarded with the prestigious Bank of the Year award four times, by The Bank Magazine of The Financial Times, London in 2017, 2018, 2020 and 2021. The bank was recently awarded Bank of the Year Asia in 2021. NMB Bank is currently providing its services through 201 branches, 138 ATMs and nine extension counters.</span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Having experience of financing around 46 hydropower projects, NMB Bank said it shall lead the project under consortium arrangement with inclusion of other Banks and Financial Institutions to finance the project.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The estimated cost of the project is Rs 18.25 billion, according to NMB Bank.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Issuing a statement on Wednesday, the bank said this project has been included in the ‘People’s Hydropower Programme’ of the Government of Nepal.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">According to NMB Bank, the major promoters of Remit Hydro Ltd include Hydroelectricity Investment and Development Company Ltd and equity collected from people working abroad (remittance).</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">NMB Bank said it has already adopted Environmental and Social Risk Policy and started implementing Environmental and Social Management System within its business portfolio as directed by Nepal Rastra Bank’s guidelines on Environmental and Social Risk Management, 2022. In addition, the bank is committed to apply international good practices such as IFC performance standards in project financing including hydropower sectors, the statement added. </span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">NMB Bank has been awarded with the prestigious Bank of the Year award four times, by The Bank Magazine of The Financial Times, London in 2017, 2018, 2020 and 2021. The bank was recently awarded Bank of the Year Asia in 2021. NMB Bank is currently providing its services through 201 branches, 138 ATMs and nine extension counters.</span></span></span></p>
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