NIC ASIA Capital and Avid Partners Collaborate to Raise Capital for Rara Karnali Hydropower Project

NIC ASIA Capital Limited, a leading merchant bank in Nepal, has partnered with Avid Partners Pvt. Limited, a management consulting firm, to raise capital for the 78 MW Rara Karnali Hydropower Project.

This peaking run-of-river project, located on the Triveni Bheri River in Karnali Province, aims to support Nepal's renewable energy growth.

NIC ASIA Capital will provide end-to-end advisory services through its "Idea to IPO" program, while Avid Partners will utilize its global network to attract investors focused on sustainable development.

This collaboration highlights their commitment to advancing Nepal's hydropower sector and supporting economic development in local communities.