NMB Bank signs agreement


: has signed a loan agreement with Bakas Renewable Energy, a company promoted by forestry and environmental professionals in which Oxygen (BO2), ’s first international private equity fund with a climate focus promoted by International (IFC) of the World Bank Group is making equity investment for developing a biomass pellet project at Ishworpur, Sarlahi District of Province 2.

The project has equity investment of Rs 50 million from BO2 and remaining Rs 50 million from promoting shareholders whilst NMB Bank will be providing debt financing of Rs 160 milli

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