Mini hydro and wind power projects funded by NDB
NDB has been actively engaged in funding mini hydro power projects over a decade and has been a participating credit institution (PCI) in both the above credit lines. With the objective of participating in developing non – conventional renewable energy projects in the capacity of a development financier, NDB played an active role in funding 26 mini hydro power projects promoted by both small scale project developers and large companies. NDB hence was able to fulfill its development financier role by assisting mini hydro projects with assistance to connect an aggregate installed capacity of approximately 75 MW to the national grid. The total cost of the above mentioned projects were approximately Rs 8.5 bn while NDB’s contribution in terms of financial assistance amounted to approximately Rs 2.8 bn. In addition, NDB also partnered with the developers through lending (approximately Rs 940 mn) for diverse financial needs of power companies to a value of approximately Rs 1.0 bn for equity investments in new power projects and for strengthening of financial performance of some of the companies.