KATHMANDU, Jan 21: NMB Bank Ltd has signed a private power purchase agreement (PPA) with Saral Urja Nepal Private Limited (SUN) for a 50-KW grid-tie solar roof-top with net metering.
The agreement was signed in Kathmandu on Sunday. According to a statement issued on Sunday, the grid-tie solar roof-top will be placed at NMB Bank's head office in Babarmahal, Kathmandu. Under the agreement, SUN will install, own, and operate the solar roof-top for 15 years.
NMB Bank will purchase all the electricity generated from the solar roof-top at a price lower than their retail grid electricity tariff with no up-front investment, added the statement.