NEPAL > Belgian Company – BIO – enters Nepalese hydropower market

On August 6, 2015 by admin


Belgian Investment Company for Developing Countries (BIO) has entered into Nepalese hydropower.

It is going to invest US $ 20 million in the 82 MW lower Solu hydropower (one of the super six projects) developed by Essel Clean Solu Hydropower Private Limited. It is participating in a loan arranged by the Dutch development bank, FMO, under the risk sharing agreement between the two development finance institutions.

BIO invests directly in private sector projects and as such makes a structural contribution to the socio-economic growth of those host countries.

The entry of BIO invest is certainly welcoming as it paves the way for others to follow. For detail article, please click the link.