Century Bank concludes financial closure agreement to fund Lower Chirkhuwa Hydropower Project in Bhojpur; to extend loans of 70% of the project cost for 4.06 MW project

Century Commercial Bank has signed a Facilities Agreement with L.C. Energy Ltd. On Baisakh 5, 2079 finance run of the river 4.06 MW Lower Chirkhuwa hydro energy Project to be constructed at Sadananda nagarpalika of Bhojpur District.

The bank has committed to financing 70% of the project cost while the promoters will invest the remaining 30%, as per the media statement.

The bank currently has 129 branches, 10 extension counters, 24 branchless banking and 113 ATM outlets under its network.