Every Risk Is Priced: Reforming Nepal’s Energy Sector | Part 2 of 3

Part 2: the five things that decide whether a lender will fund a project. Approvals a developer cannot time or predict, and the two tracks that would fix that. Whether NEA will pay for the power, and what a sovereign guarantee changes about the question a lender is actually asking. Who carries an event outside anyone's control. What happens when the law changes after the money has gone in. And whether the project can be offered as security at all, given a land ceiling that leaves the land a project is built on outside what a lender can take security over.