Concessional loan made easy to set up electric vehicle charging stations

Published On: September 24, 2021 10:21 AM NPT By: Republica  | @RepublicaNepal

KATHMANDU, Sept 24: The Nepal Rastra Bank (NRB) has unveiled a new provision ensuring concessional loan for the establishment of electronic vehicle charging stations.

The central bank has come up with such an idea to promote use of e-vehicles and increase electricity consumption through the third amendment to refinancing procedures.

The latest move of the central bank is to benefit the private sector that is working for the development of electronic vehicle charging stations with top priority in recent days.

Currently, a total of 15 charging stations have been run while the Nepal Electricity Authority (NEA) is working to set up 50 electronic vehicle charging stations across the country.

Likewise, the NRB would provide refinancing service to the broadband internet service providing organisation, which will help increase internet penetration in the country's rural areas.



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