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NMB Bank Limited has successfully concluded the financial closure for two significant hydropower projects in Nepal — the 42 MW Lapche Tamakoshi Hydropower Project and the 2 MW Chepe Khola Cascade Hydropower Project — reinforcing its leadership in sustainable infrastructure financing.
The 42 MW Lapche Tamakoshi Hydropower Project, promoted by Dynamic Hydro Energy Pvt. Ltd., is located in Bigu Rural Municipality of Dolakha District. The financial closure agreement was formalized on May 11, 2025. NMB Bank led the consortium, which includes Nabil Bank Ltd., Nepal Infrastructure Bank Ltd., and Everest Bank Ltd. The project’s total estimated cost is NPR 7 billion, of which NPR 5.25 billion will be financed by the consortium. The Nepal Electricity Authority (NEA) has already signed a Power Purchase Agreement (PPA) for the project, paving the way for its timely implementation.
In parallel, NMB Bank also completed the financial management of the Chepe Khola Cascade Hydropower Project, a 2 MW initiative with an estimated cost of NPR 434 million. The bank is extending a loan investment of NPR 340 million as a sole financier for this project.
The syndicated loan agreement for Lapche Tamakoshi was signed by Mr. Dinesh Dulal, Chief of Sustainable Banking at NMB Bank Ltd., and Mr. Mohan Bikram Karki, Chairman of Dynamic Hydro Energy Pvt. Ltd. The agreement was formally exchanged between Mr. Govind Ghimire, CEO of NMB Bank Ltd., and Mr. Karki.
Mr. Ghimire emphasized the bank's strong capacity to monitor the technical, environmental, social, and risk dimensions of hydropower projects. He further highlighted the bank’s adoption of Environmental and Social Risk Policies and implementation of the Environmental and Social Management System in accordance with Nepal Rastra Bank’s 2022 guidelines.
Chairman Karki assured the project would be delivered within the estimated budget and timeframe, expressing confidence in the collaboration with NMB Bank.
With over 50 hydropower projects already financed, NMB Bank continues to position itself at the forefront of Nepal’s green infrastructure development, also aligning with international standards such as the IFC Performance Standards for project financing.
