Banking News – Machhapuchchhre Bank Limited has successfully completed the financial management of a 20 MW grid-connected solar energy project promoted by Pashupati Energy Pvt. Ltd. in Sunsari district under Koshi Province.

In this project, completed under the sole investment of Machhapuchchhre Bank, the bank will provide financial investment of up to 80 percent of the project’s total cost, and the construction period of the project will be 1.5 years. The 20 MW grid-connected solar energy project is expected to expand Nepal’s renewable and clean energy generation capacity and further support sustainable infrastructure development in the energy sector.

Machhapuchchhre Bank has been expanding financial access to energy infrastructure projects that contribute to environment-friendly and sustainable development. The bank has stated that the completion of the financial management of this project is a continuation of the bank’s commitment to expanding investment in the renewable energy sector.

Machhapuchchhre Bank Limited has expressed its commitment to continue providing financial support with priority to projects that contribute to meeting Nepal’s energy needs, promoting clean energy, and sustainable economic development in the days ahead.