KATHMANDU:
Nabil Bank has announced the successful arrangement of the largest loan
syndication ever among banks in Nepal for a private sector led project under
Nabil Bank’s leadership.
The Facilities Agreement for financing the 49.60 MW
Super Dordi Hydropower Project – B was signed at a function on February 26, it
said in a statement, on Sunday. The project is located at Phaleni and Dhodeni
VDCs in Lamjung district and is being developed by Peoples Hydropower Company
Pvt Ltd. The total cost of the project is estimated at Rs 8.3 billion with bank
financing of Rs 5.8 billion. This is the largest hydropower project being built
in the country by domestic private sector investors financed by domestic banks.
A consortium was formed to finance the project with Nabil Bank as lead manager
and Everest Bank and Global IME Bank as co-leads. The other participants in the
consortium are Rastriya Banijya Bank, Prabhu Bank, Employees Provident Fund,
Hydroelectricity Investment and Development Company Ltd, Triveni Bikas Bank and
Deva Bikas Bank. Keshav Bahadur Rayamajhi, managing director of Peoples
Hydropower, signed the agreement on behalf of the company.
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