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NMB Bank has signed a loan agreement with Bakas Renewable Energy Pvt. Ltd., a company promoted by forestry and environmental professionals in which Business Oxygen Pvt Ltd (BO2), Nepal’s first international Private Equity Fund with a climate focus promoted by International Finance Corporation (IFC) of the World Bank Group is making equity investment for developing a biomass pellet project at Ishworpur, Sarlahi District of Province No. 2.
