Kathmandu
NIBL Equity Partners has signed an agreement to invest in Electro Power Company Limited. This partnership is designed to support Electro Power in the development of its 44 MW hydropower project on the Bhotekoshi River, helping the company meet its equity requirements for the project.
Mr. Shivanth B. Pandé, CEO of NIMB Ace Capital Limited, said, “Partnering with Electro Power Company Limited for this project will create inherent value for all stakeholders. The project is carefully designed to minimize natural disaster risks and maximize energy output, which aligns with our fund’s focus on secure investments in the clean energy sector.” NIBL Equity Partners is managed by NIMB Ace Capital Limited.
The Managing Director (MD) of Electro Power Company Limited expressed his enthusiasm, saying, “This partnership will significantly speed up the construction process, boost our morale, and enable us to accelerate the completion of our hydropower project. Investments like this are a step forward in transforming Nepal’s energy sector and unlocking the vast potential of the country’s clean energy. We believe that institutional investments such as these will establish credibility in the energy sector, positively impacting the country’s economy.”
The partnership between NIBL Equity Partners and Electro Power Company Limited is a testament to the growing interest and confidence in Nepal’s clean energy sector. With this collaboration, both entities aim to contribute to the country’s long-term sustainability and economic prosperity by harnessing the power of renewable energy.