Kathmandu, Feb. 18 -- British International Investment plc (BII), the UK's development finance institution and impact investor, has signed a trade loan agreement worth 15 million US dollars with Sanima Bank Ltd. The loan is intended to strengthen Sanima Bank's trade finance services, supporting the import of capital goods for renewable energy projects, particularly hydropower, as well as manufacturing, food, and agriculture sectors.

Hydropower is a major part of Nepal's electricity supply, contributing over 90 percent of the country's total generation capacity. The government has set a target to develop 15GW of electricity by 2035.

The BII facility aims to support the government's efforts to expand clean energy production and increase s...