$453.2 million deal signed to obtain UT-1 hydel

Today the Nepal Water and Energy Development Company (NWEDC) signed a financing agreement with nine international lenders — International Finance Corporation (IFC), Asian Development Bank (ADB), Asian Infrastructure Investment Bank (AIIB), Export-Import Bank of Korea (K-EXIM), Korea Development Bank (KDB), CDC Group PLC (CDC), Netherlands Development Finance Company (FMO), PROAPRCO Development Financial Institution (PROPARCO) and the OPEC Fund for International Development (OFID) for loan financing of Upper Trishuli-1 (UT-1) Hydropower Project amounting to $453.2 million.

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Nepal Water and Energy Development Company Pvt. Ltd.

Block-B, Four Square Complex, House No: 605
Sama Street, Narayan Chour, Naxal
Kathmandu, Nepal

Phone No.
: + 977 1 4412229 | 4412257 | 4412557
: + 977 1 4422775
: admin@nwedc.com.np
: www.nwedcpl.com