Api Power completes financial closure with Bank of Kathmandu for its 4 MW solar energy project in Rautahat; bank to extend credit facility of Rs 24.75 crore for green project

Api Power has completed a financial closure with the Bank of Kathmandu for its 4 MW solar project at Chandranigapur of Rautahat.

Under the agreement, the bank will provide a credit facility of Rs 24.75 crore whereas the project developer Api will be investing Rs 8.25 crore in the project.

The agreement for the same was signed amid a program on Poush 20, 2077 between the chairman of Api Power Mr. Satish Neupane and Chief Business Officer of Bank of Kathmandu Mr. Bimal Daga, as per the media statement.