Clean Energy Development Bank Ltd. (CEDBL) has entered into agreements with FMO (Financierings Maatschappij-voor Ontwikkelingslanden) of The Netherlands as a Foreign Joint Venture Partner and TREDF (Triodos Renewable Energy for Development Fund - a Renewable Energy Fund managed by Triodos Bank of The Netherlands) as a Development Partner.
Under the agreement, FMO is taking 14% as equity investment in CEDBL. They are also financing clean energy projects in Nepal through CEDBL by way of subordinated loan upto US Dollars 5 Million, states a press release by the bank. Besides, they are also providing an initial amount of USD 500 thousands as “Capacity Building Fund” and “Access to Energy Fund” for capacity building of micro finance institutions dedicated to rural financing in Nepal, it adds.
CEDBL is a national level development bank specialized in the development of clean energy and hydropower sector in Nepal. Besides debt financing, the Bank also offers assistance to the clean energy and hydropower projects by way of private equity and advisory and consulting services. CEDBL also has a “Strategic Alliance Agreement” with DFCC Bank and DFCC Consulting (P) Ltd. of Sri Lanka.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment