Wednesday Nov 30, 2022
Wednesday Nov 30, 2022

NRB to provide refinancing facilities to hydel projects


Nepalnews
2021 Jun 25, 22:20, Kathmandu
This image shows the building of Nepal Rastra Bank in Kathmandu, on December 31, 2019. Photo courtesy: Samanantar via Wikimedia commons

Nepal Rastra Bank (NRB) is set to provide refinancing facilities to hydropower projects that are facing trouble due to the COVID pandemic.

The central bank has made relief arrangement focusing on the projects in trouble by amending the ‘Nepal Rastra Bank Refinancing Work Procedure, 2021’.

The facilities would be provided to the projects identified by the report of the committee formed to commission a study on the problems of pandemic-hit private sector-led hydropower projects.

The refinancing facilities would be provided to the small hydropower projects below the capacity of 10 MW for a year in maximum. The central bank has provided refinancing up to Rs 1.5 million each to small and cottage industries and special and general refinancing up to Rs 50 million.

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Nepal Rastra Bank NRB Hydropower projects COVID Pandemic Nepal Rastra Bank Refinancing Work Procedure pandemic-hit private sector-led hydropower projects
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