Agreements signed for Upper Trishuli-1 Hydropower Project « Khabarhub
Sunday, June 23rd, 2024

Agreements signed for Upper Trishuli-1 Hydropower Project

01 November 2019  

Time taken to read : 2 Minute

  • A
  • A
  • A

KATHMANDU: The loan agreements for the amount of USD 453.2 million were signed on Friday for the construction of the Upper Trishuli-1 Hydropower Project.

Nepal Water and Energy Development Company Private Limited (NWEDC) signed the financing agreements with International Finance Corporation (IFC), Asian Development Bank (ADB), Asian Infrastructure Investment Bank (AIIB), Export-Import bank of Korea (K-EXIM), Korea Development Bank (KDB), CDC Group PLC (CDC), Netherlands Development Finance Company (FMO), PROAPRCO Development Financial Institution (PROPARCO), and The OPEC Fund for International Development (OFID) for the loan financing of Upper Trishuli-1 Hydropower Project amidst a special signing ceremony organized in Kathmandu on Friday.

The NWEDC  informed that the loan amounts in USD signed with each of IFC, ADB, AIIB, K-EXIM, KDB, CDC, FMO, PROPARCO and OFID are 161.3 million, 60 million, 39.6 million, 100 million, 30.8 million, 21.9 million, 15.4 million, 11 million, and 13.2 million, respectively. The Bank of New York Mellon (BNY) as the Offshore Account Bank and Nepal Investment Bank (NIB) as the Onshore Account Bank were also parties to the agreements.

Publish Date : 01 November 2019 22:43 PM

Today’s national news in a nutshell

Khabarhub brings you a glimpse of major developments of the

NC to enhance its opposition role: President Deuba

LUMBINI: Nepali Congress (NC) President and former Prime Minister Sher

Madhesh province assembly enacts Girl Child Protection Bill

DHANUSHA: The Madhesh Province Assembly has successfully enacted the Girl

Prideful leaders and cadres can advance the nation, says Finance Minister

KATHMANDU: Finance Minister Barshaman Pun emphasized that the country’s advancement

Maoist Centre has magical seat in parliament; Govt will serve full term: PM Dahal

KATHMANDU: CPN (Maoist Centre) Chairman and Prime Minister Pushpa Kamal