NIC Asia Capital partners with Avid Partners to fund Rara Karnali hydel project

KATHMANDU: NIC ASIA Capital, one of Nepal's leading merchant banks, and Avid Partners, a management consulting firm, have joined forces to raise capital for the Rara Karnali Hydropower Project, both domestically and internationally. This partnership aims to fund the development of the 78MW Rara Karnali Hydropower Project, a peaking run-of-river project located on the Triveni Bheri River in Karnali Province.

Through its flagship corporate advisory service, 'Idea to IPO,' NIC ASIA Capital provides end-to-end advisory services, assisting companies from the ideation phase to listing on the stock exchange. Avid Partners will leverage its global network and expertise to attract investors focused on sustainable development and renewable energy, further expanding the reach of this key project.

Rara Karnali Hydropower Project is expected to bring significant economic benefits to the local community and contribute to Nepal’s renewable energy growth. This collaboration underscores the commitment of NIC ASIA Capital and Avid Partners to supporting impactful projects that foster the development of Nepal’s hydropower sector.

NIC ASIA Capital offers comprehensive corporate advisory services across various industries and sectors, supporting their growth at every stage.