Kathmandu : NMB Bank Limited has successfully completed the financial closure for the Lapche Tamakoshi Hydropower Project, which has an installed capacity of 42 MW and is promoted by Dynamic Hydro Energy Pvt. Ltd. The project is situated in Bigu Rural Municipality, Dolakha District. The financial closure agreement was signed on May 11, 2025, with NMB Bank Limited leading the financing, along with Nabil Bank Ltd., Nepal Infrastructure Bank Ltd., and Everest Bank Ltd. as Member Banks.
The Nepal Electricity Authority (NEA) has already facilitated the project’s construction by signing a Power Purchase Agreement (PPA) with the company. The total estimated cost of the project is NPR 7 billion, of which NPR 5.25 billion will be financed by the consortium banks. NMB Bank has already financed over 50 hydropower projects. In addition, NMB Bank Ltd. has also completed the financial management of the Chepe Khola Cascade Hydropower Project (2 MW) through a single investment.
The estimated cost of the Chepe Khola Cascade Hydropower Project, with a capacity of 2 MW, is Rs. 434 million, while NMB Bank Ltd. is going to invest Rs. 340 million in loans. Mr. Dinesh Dulal, Chief of Sustainable Banking at NMB Bank Ltd., and Mr. Mohan Bikram Karki, Chairman of Dynamic Hydro Energy Pvt. Ltd. signed the syndicated loan agreement. Mr. Govind Ghimire, Chief Executive Officer of NMB Bank Ltd., exchanged the loan agreement with Mr. Mohan Bikram Karki, Chairman of the company.
Mr. Govind Ghimire, Chief Executive Officer stated that the NMB Bank Ltd. has expertise to monitor technical aspects, environmental and social aspects and other risk associated with the hydropower projects. Similarly, Mr. Mohan Bikram Karki, Chairman of the company has committed to commission the project within estimated cost and stipulated timeframe.
