4. Functions, Duties and Powers of the Board:
The functions, duties and powers of the Board shall be as follows:-
(A) Functions, Duties and Powers of the Board: The functions, duties and powers of the Board shall be as follows:-
(a) To flow loan or cause to be flown loan to the projects from the fund of the board that fulfils the terms and conditions prescribed by the Board,
(b) To recover loan or cause to recover loan that is flown by the Board.
(c) To supervise, monitor and inspect or cause to be supervised, monitored and inspected as to whether the acts and activities have been carried out as per the agreement concluded between the Board and the Fund Administrator or not.
(d) To mobilize capital market for power development.
(e) To authenticate or cause to be authenticated the financial institutions that intend to invest in the projects that are qualified for investment under the Board by utilizing the fund of the Board.
(f) To take responsibility of effective implementation of the loan to be flown by the Board and recovering the loan so flown.
(g) To approve policy, planning and programme as regards to the operation and management of fund of the Board and to implement, supervise and monitor such policy, planning and programme,
(h) To cause to be rendered support for consultancy and services by carrying out study and research in subject related with the power development,
(i) To approve annual and periodic planning, programme and budget of the Board and to make necessary arrangement for implementation thereof,
(j) To appoint advisor and consultant as per necessity, for smooth operation of the Board. .
(k) To submit annual progress report and audit report to Government of Nepal,
(l) To carry out or cause to be carried out other acts those are necessary to attain the objectives of the Board.