Consortium led by MBL to finance Likhu-2

Published On: January 2, 2017 09:00 PM NPT By: Republica  | @RepublicaNepal

KATHMANDU, Jan 2: A consortium led by Machhapuchchhre Bank (MBL) has signed a loan agreement to finance Likhu-2 Hydropower Project (33.4 MW).

Mega Bank Nepal Limited, Nepal SBI Bank Limited, Nepal Bangladesh Bank Limited, Everest Bank Limited and Vibor Society Development Bank are the other banks in the consortium.

The consortium is financing a total of Rs 4.51 billion -- 75 percent of the project cost, a statement issued by MBL said.

The estimated cost of the project is Rs 6.02 billion. The project is located in Gumder VDC of Ramechhap and Bhakanjega VDC of Solukhumbu district, the statement added.


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