• BIZ BRIEFS

KATHMANDU: Nabil Bank has signed a memorandum of understanding (MoU) with Building Energy Efficiency in Nepal (BEEN-Project) funded by the European Union (EU) to collaborate for the promotion of energy efficient and sustainable housing in Nepal.

With this agreement, both Nabil Bank and BEEN Project agree to work in promotion of sustainable and climate-responsive building design in Nepal, as per a press release. Gyanendra Prasad Dhungana, chief executive officer of Nabil Bank, and Daniel Neyer, project leader of BEEN Project, signed the agreement. According to the bank, the partnership will specifically roll out activities on developing innovative financing package, and facilitate linkages to access preferential financial schemes for the promotion of sustainable and energy efficient buildings.

A version of this article appears in the print on October 6, 2023, of The Himalayan Times