Civil Bank and Nepal Government’s Alternative Energy Promotion Center (AEPC) have signed an agreement to enhance the investment in the energy sector in Kathmandu on Wednesday, January 28, 2015.
The agreement was signed by the CEO of Civil Bank Kishore Maharjan and by Prithvi Gyawali, Head of Central Renewable Energy Fund Secretariat.
With the agreement, Civil will collaborate with government's AEPC to invest in the energy sector.
“The bank shall offer loans at reasonable interest rates to customers in local areas for the promotion of alternative energy”, said Kishore Maharjan, CEO of the bank.
The bank has stated that loans will be invested in areas such as solar, biogas, improved stoves and micro-hydro.