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Wednesday May 18, 2022

NRB ensures concessional loans for charging station development


Nepalnews
2021 Sep 24, 10:32, Kathmandu
Nepal Rastra Bank has asked all concerned to exchange the fourth edition of Qatari Riyal banknotes.

The Nepal Rastra Bank (NRB) has unveiled a new provision ensuring concessional loans for the establishment of electronic vehicle charging stations.

The central bank has come up with such an idea to promote the use of e-vehicles and increase electricity consumption through the third amendment to refinancing procedures.

The latest move of the central bank is to benefit the private sector that is working for the development of electronic vehicle charging stations with top priority in recent days.

Currently, 15 charging stations have been run while the Nepal Electricity Authority (NEA) is working to set up 50 electronic vehicle charging stations across the country.

Likewise, the NRB would provide refinancing service to the broadband internet service providing organisation, which will help increase internet penetration in the country's rural areas.

READ ALSO:

NRB charging station electronic vehicle Concessional Loan Provision Nepal Rastra Bank Electricity Nepal Electricity Authority
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