Kathmandu. Nepal Bank Limited (NBL) and Chitwan Energy Limited (CHITWAN) have signed a contract for the construction of 4.75 MW Lower Thulokhola Hydropower Project. (Proposed 6.51 MW) As per the agreement, the loan and facilities will be maintained at 70.30 per cent of the total project cost. The agreement was signed by Mr. Tilak Raj Pandey, CEO of NIC Asia Bank and Mr. Gopal Prasad Neure, Director of Chitwan Energy Limited.
On the occasion, CEO of Nepal Bank Ltd, Mr. Tilak Raj Pandey thanked Nepal Bank Limited for providing the opportunity for financial management and extended best wishes for the successful construction and operation of the project.
On the occasion, Director of Chitwan Energy Limited Gopal Prasad Niure thanked Nepal Bank Limited for their cooperation and expressed commitment to complete the project on time.
