Clean Energy Development Bank Ltd. (CEDB), established in 2006 in a joint venture with FMO - Netherlands, is the first national level development bank and perhaps the only Bank in Asia to have a focused developmental agenda towards harnessing the nation’s abundant natural resources in addition to uplifting the standards of living of the people of Nepal. CEDB is playing a proactive role in finding the best solutions to create an effective platform for the sustained development of the country. Thus, “CEDB is, in its rightful sense, a true development bank, a fact that has been attested after it won the Best Development Bank 2010.”
Above and beyond, CEDB is also committed towards excellence in general banking business. It offers a wide range of corporate and retail banking services with a unique customer oriented approach. All in all, the bank is dedicated to achieving sound business growth and maximizing stakeholders' values by embracing team spirit, progressive technology and good corporate governance.
Clean Energy Development & Energy Efficiency:
CEDB with the help of USAID came up with an innovative product, i.e. the CEDB Hydro Fund (CHF). This product raised NPR 230 Million from the general public and as of today it stands extremely successful with over 100 MW worth of projects under various stages of development. CEDB believes that this endeavor will go a long way in the development of hydel power and will be a major milestone for such progress in Nepal.
CEDB has been actively utilizing its in-house capability brought in by its energy experts for due diligence and feasibility studies of medium and small hydel power projects. CEDB formed a Strategic Partnership Agreement with Northwest Hydro Consulting Engineers (NWH) - one of the world’s leading hydropower consulting companies from China. The agreement envisions fulfilling techno-financial analysis and a transfer of cost effective technology for medium and large size hydropower projects bringing together the Bank’s in-house expertise and the vast knowledge of NWH in this domain.
CEDB inked an agreement with the renowned Dragon Capital Limited, a company based in Vietnam, for Mekong Brahmaputra Clean Development Fund (USD 100 million) for equity investment in hydropower projects. The agreement envisions identifying, assessing and financing quality hydropower projects in Nepal and Bhutan.
CEDB has attempted to resolve the underlying constraints in funding options for hydel projects through local financial intermediaries in Nepal that is limited to investment capabilities of a single 50 MW project or a total setup of 100 MW- by gaining access to debt financing support for large hydel projects through the international financial community. Accordingly, CEDB is in the process of financing (NPR) 2 Billion on its part to the 16 hydel power projects portfolio and is the lead bank in 12 of these projects.
CEDB (CEDB Hydro Fund Ltd.) signed an agreement with FNCCI, as per the Public Private Partnership (PPP) model, for the development of micro & small hydel power projects, ranging from 1 to 10 megawatts in capacity, in 45 districts across Nepal. This vision of CEDB for the empowerment of Nepal is to be accomplished by the year 2014.
Energy saved is energy created. In line with this vision CEDB has taken an initiative to build awareness, identify technologies and arrange resources in this direction, whereby we create a position to save huge wastage of precious energy. To support this initiative, CEDB signed an agreement with International Finance Corporation (IFC), a member of the World Bank Group, to train staff members to improve their skills when evaluating proposals on energy efficiency and renewable energy financing, as well as product development and marketing. It also involves engineering due diligence for energy efficient projects, benefits from IFC’s initiatives in Nepal on energy auditor development, market potential studies and targeted awareness with training activities related to sustainable energy finance.
In addition, CEDB has been working closely with GTZ-SHPP, AEPC, SNV and various domestic and international donors and funding agencies for the development of clean energy production and uses. It has entered into an agreement with the Asian Development Bank (ADB) for the development of Carbon Reductions and its trading.
The Financial Intermediary Role:
CEDB is pursuing a defined positioning strategy to build one of the finest financial brands in Nepal and is striving to gain a reputation as a leader in the energy sector, while maintaining sustainable banking operations. In the banking side of the business, CEDB has been successful in establishing highly reliable and customer friendly service standards, comparable to the most prominent banks in Nepal, with an innovative range of deposit and credit products. In addition to its Head Office in Sitapaila, Kathmandu, CEDB also possesses 7 branches throughout Nepal with 2 inside the Kathmandu valley at Thapathali & Durbar Marg and the remaining at Gorkha, Birtamode, Phidim, Katari and Taplejung.
In terms of rural development, CEDB has extended its services to the rural areas like Phidim (Panchthar), Phungling (Taplejung) and Katari (Udaypur) and is the first private financial institutions to be established in the region. The rural activity of the bank has also been extended through partnering with local financial institutions to provide services to the grass root levels of the economy by providing solar home system loans (in Dailekh) and cattle financing ( in Gorkha). These activities, in reality, have supported in building the brand CEDB as a dedicated national level bank.
Sustainable Real Estate Development:
CEDB also established a subsidiary, Clean Developers Private Limited (CDPL), where professionals from different walks of life have come together to benchmark the next era of real estate development in Nepal. With the highest level of corporate governance and transparency in operations, CEDB business philosophy is not limited to creating just concrete and brick structures but to work towards sustainable development by identifying and implementing practical and measurable green building design, construction, operations and maintenance solutions. The projects, Central Park and Central Business Park are all set to redefine the benchmarks of sustainable realty development by being built to the specifications of the Leadership in Energy & Environmental Design (LEED) certification from the US Green Building Council- a remarkable achievement and the first of its kind in Nepal.
|Authorized Capital||NPR 1.1 Billion|
|Issued Capital||NPR 1.088 Billion|
|Paid-up Capital||NPR 1.088 Billion|
Local Promoters : 56%
Foreign Partner : 14%
General Public : 30%
Headed by the Chief Executive Officer for overall management, the Bank has two specialized divisions to carry out its vision and mission, i.e. Banking Division and Energy Division. As a result, CEDB is efficiently managed by a team of dynamic professionals with a proven track record in the banking and the energy sector.
To be the most preferred bank in creating superior financial solutions to satisfy our customers' needs and to promote sustainable growth of the society through investment in clean energy and sustainable sectors in a manner that creates value for all our stakeholders, the society, the environment and the coming generations.
Our mission is to connect and empower customers, communities and global partners to create a sustainable and energy efficient future through comprehensive and innovative financial services delivered by a team of highly motivated and committed team of professionals in the most responsive and friendly manner while ensuring our investments promote sustainable growth of the economy through proactive risk management practice, good corporate governance, high degree of ethical integrity and social responsibility.
- Employee Provident Fund (Karmachari Sanchaya Kosh)
- Gayatri Investment & Management Pvt. Ltd.
- Nepal Construction & Engineering Corporation
- Premier Insurance Company Nepal Pvt. Ltd.
- ICTC Holding Company Pvt. Ltd.
- Pashupati Energy Development Co. Pvt. Ltd.
- Energy Experts, Professionals, Chartered Accountants, Management Experts and Eminent Business Personalities
FMO (Financierings Maatschappij-voor Ontwikkelingslanden), The Netherlands
FMO, founded in 1970 and supported by the Dutch Government, ABN Amro Bank, RABO Bank, ING Bank and the local business community, is the International Development Bank of the Government of The Netherlands.
The Bank invests capital in companies and financial institutions in the private sector in developing countries and emerging markets in Asia, Africa, Latin America and Central and Eastern Europe to contribute to the structural and sustainable economic growth by way of loans, participations, guarantees and other investment promotion activities. FMO's investment portfolio is EUR 3.4 Billion making it as one of the largest bilateral development banks worldwide.
Partners / Alliances
The Netherlands Development Finance Company (FMO) is the entrepreneurial development bank of the Netherlands. FMO invests risk capital in companies and financial institutions in developing countries. With an investment portfolio of € 4.6 billion, FMO is one of the largest bilateral private sector development banks worldwide. Thanks in part to its relationship with the Dutch government, FMO is able to take risks which commercial financiers are not - or not yet - prepared to take. FMO's mission: to create flourishing enterprises that serves as engines of sustainable growth in their countries.
For more information, please visit http://www.fmo.nl
About Employees Provident Fund (EPF)
Employees Provident Fund (EPF) also known as Karmachari Sanchaya Kosh (KSK) in Nepal is a public organization that has been set up to manage provident funds of employees of the government, public and private sector and to assist them financially on retirement or on discharge from their jobs.
For more information, please visit http://www.epfnepal.com.np
About the U.S. Agency for International Development (USAID)
The American people, through USAID, have provided economic and humanitarian assistance worldwide for nearly 50 years. With headquarters in Washington, D.C., USAID's strength is its field offices around the world. USAID works in close partnership with private voluntary organizations, indigenous organizations, universities, American businesses, international agencies, other governments, and other U.S. government agencies. USAID has working relationships with more than 3,500 American companies and over 300 U.S.-based private voluntary organizations.
For more information about USAID's programs, please visit http://www.usaid.gov
IFC, a member of the World Bank Group, creates opportunity for people to escape poverty and improve their lives. IFC fosters sustainable economic growth in developing countries by supporting private sector development, mobilizing capital for private enterprise, and providing advisory and risk mitigation services to businesses and governments. Their new investments totaled $18 billion in fiscal 2010, helping channel capital into developing countries during the financial crisis.
For more information, please visit http://www.ifc.org
About Northwest Hydro Consulting Engineers (NWH)
A national Class-A design firm, directly under China Hydropower Engineering Consulting Group Co., has been consistently listed at leading place of China top 100 Investigation & Design firms since 1992 and accepted by the World Bank since 1997 the qualified consulting service undertaking design consulting service for the projects loaned by the World Bank. NWH has undertaken many engineering supervision projects including the world's largest power station, Three Gorges Project, that has capacity of 23,300 MW.
For more information, please visit http://www.nwh.cn/english/index.asp
About Dragon Capital Limited (DCL)
Established in 1994 from an initial base of US$16m with eight staffs to US$1.5bn with a headcount in excess of 100 on December 2009. DCL has offices in Ho Chi Minh City, Hanoi (registered with Vietnam's SEC), the United Kingdom (regulated by the FSA), Bangkok and Hong Kong.
For more information, please visit http://www.dragoncapital.com
About Asian Development Bank
ADB is an international development finance institution whose mission is to help its developing member countries reduce poverty and improve the quality of life of their people.
For more information, please visit http://www.adb.org
SNV is a non-profit, international development organisation, established in the Netherlands in 1965. It has been present on the ground in developing countries for over 40 years, and now operates in 35 countries in Africa, Asia, Latin America and the Balkans. SNV's 900 advisors in the field come from a variety of cultural and technical backgrounds, and over 60 per cent are nationals of the countries where they work.
For more information, please visit http://www.snvworld.org
Alternative Energy Promotion Centre (AEPC) is a Government institution established on November 3, 1996 under the then Ministry of Science and Technology with the objective of developing and promoting renewable/alternative energy technologies in Nepal. Currently, it is under Ministry of Environment but functions independently, and has a nine member board with representatives from government sector, industry sector and non-governmental organizations.
For more information, please visit http://www.aepc.gov.np
The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) is an umbrella organization of the Nepalese private sector. It was established in 1965 with the aim of promoting business and industry while protecting the rights and interests of business and industrial communities, FNCCI has been playing a key role in promoting business and industry in the country. It provides, inter alia, information, advisory, consultative, promotional and representative services to business and government and organizes training / workshop / seminar on a regular basis.
For more information, please visit http://www.fncci.org
About Clean Developers (CDPL)
Clean Developers Private Limited, a company promoted by Clean Energy Development Bank Limited, comprises of professionals from different walks of life and business houses, who aim to benchmark the next era of real estate development in Nepal. With the highest level of corporate governance and transparency in operations, CDPL's business philosophy is not limited to creating just concrete and brick structures but to work towards sustainable development. Central Park will redefine the benchmark in group housing in Nepal and be an exemplary showcase of energy efficient development.
For more information, please visit http://www.cleandevelopers.com
About CEDB Hydro Fund
CEDB with the help of USAID came up with an innovative product, the CEDB Hydro Fund (CHF). This product raised NPR 230 Million from the general public and as of today it stands extremely successful with over 100 MW worth of projects under various stages of development. The company CEDB Hydro Fund Ltd. was then setup to comprehensively manage this product and effectively uphold its undertaking. CEDB believes that this endeavor will go a long way in the development of hydel power and will be a major mile stone for such progress in Nepal.
TREDF, Triodos Bank, The Netherlands - Development Partner
The Triodos Group, comprising of Triodos Bank and Triodos Investment Management, is entrusted with the management of funds amounting to EUR 3.2 Billion. The Group has offices in The Netherlands, The United Kingdom, Belgium and Spain and an agency in Germany. The Group has been investing in renewable energy since 1986.
TREDF is an Investment Fund targeted towards renewable energy in developing countries. The fund is managed by Triodos Investment Management and invested in a SME portfolio in the renewable energy in 23 countries. TREDF is also considering working with selected Micro Finance Institutions to provide access to renewable energy to people in rural areas in Nepal.
For more information, please visit http://www.triodos.com
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