MBL Strategic Consortium ADBL Finalizes NPR 3000M Hydropower Deal
14th April 2026, Kathmandu
Nepal’s journey toward energy self-sufficiency and a greener economy has reached another significant milestone.
Machhapuchchhre Bank Ltd. (MBL), in a strategic consortium with the Agricultural Development Bank Ltd., has officially announced the successful financial closure of the 20 MW Kunaban Khola Hydroelectric Project.
MBL Strategic Consortium ADBL
Developed by Sushmit Energy Pvt. Ltd., this project represents a major investment in the renewable energy infrastructure of the Myagdi district.
A Milestone for Green Banking in Nepal
The total investment for the Kunaban Khola project is valued at NPR 3,000 million. Beyond the numbers, this partnership highlights a growing trend in the Nepalese banking sector: a transition toward Green Banking and Sustainable Financing.
By prioritizing projects that focus on clean energy, Machhapuchchhre Bank and Agricultural Development Bank are actively contributing to:
Carbon Emission Reduction: Replacing fossil fuel dependence with hydro-generated power.
Renewable Energy Expansion: Supporting the national goal of increasing Nepal’s total wattage through sustainable means.
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Economic Development: Creating jobs and improving infrastructure in the Dhaulagiri Rural Municipality of Myagdi.
Project Overview: Kunaban Khola Hydroelectric
The project is strategically located in the Dhaulagiri Rural Municipality, Myagdi, a region known for its high hydroelectric potential.
| Feature | Details |
| Project Name | Kunaban Khola Hydroelectric Project |
| Capacity | 20 MW |
| Developer | Sushmit Energy Pvt. Ltd. |
| Lead Bank | Machhapuchchhre Bank Ltd. |
| Consortium Partner | Agricultural Development Bank Ltd. |
| Total Investment | NPR 3,000 Million |
Driving Sustainable Growth
This financial closure is more than just a business deal; it is a step forward in powering Nepal’s future with environmentally responsible banking practices.
As “Smart Banking” evolves, MBL continues to demonstrate that financial institutions play a critical role in environmental stewardship.
The 20 MW of clean energy generated by the Kunaban Khola project will eventually feed into the national grid, helping to stabilize energy supply and promote industrial growth across the country.
About the Partners
Machhapuchchhre Bank Ltd. (MBL): A leader in “Smart Banking,” MBL is increasingly focused on ESG (Environmental, Social, and Governance) principles to drive long-term value for Nepalese citizens.
Agricultural Development Bank Ltd.: A cornerstone of Nepal’s financial history, providing essential support for rural development and large-scale infrastructure projects.
For more: MBL Strategic Consortium ADBL
