Nabil Bank inks MoU with Alternative Energy Development Centre; lending institutions to receive 20% of loan amount provided to developers of sustainable energy

Nabil Bank has inked an agreement with the Alternative Energy Development Centre for the development and promotion of alternative and sustainable energy sources.

The MoU was signed between the CEO of Nabil Bank Mr. Anil Kesari Shah and ED of the center Mr. Madhusudhan Adhikari amid a program.

Following the agreement, the lending agencies that failed to receive loan payback from the developers of renewable energy will receive a 20% or up to Rs 10 crore payback insurance guarantee from Renewable Energy Fund. With the agreement, the bank aims to increase its investment in renewable energy sources in the coming days, as per the media statement.