The development of charging stations has been made easier thanks to easy Concessional Loan

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In a recent announcement, the announced a new provision that will provide a concessional loan for the development of an electric vehicle charging station.

As a result of the third revision to refinancing processes, the central bank has come up with a concept to promote the use of electric vehicles while simultaneously increasing electricity usage.

Recently, the central bank made a step that will directly assist the private sector, which has been working on the creation of electronic car charging stations as a major priority in recent months.

At the moment, 15 charging stations are operational, the Nepal Electricity Authority (NEA) is striving to establish 50 electronic vehicle charging stations throughout the country in the near future.

Also as part of refinancing services, the will assist a internet service provider organisation, which will aid in increasing internet penetration in the country’s rural areas.

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