#(sasec)

Announcement of concessional loans and grant amounts by the Asian Development Bank, the European Union, and the Norwegian government, with a total of NPR 72.93 billion secured. Kathmandu — An investment of NPR 72.93 billion (USD 537 million) has been secured to expand, improve, and modernize the transmission and distribution system to make electricity supply within the country reliable and…

Kathmandu — The Asian Development Bank (ADB) has committed to providing 100.61 billion rupees (USD 777.6 million) to Nepal for the implementation of three major projects aimed at improving the country’s water, energy, and agricultural infrastructure. Of the total assistance, 6.52 billion rupees will be provided as a grant, with the remaining amount offered as concessional loans. The signed…

The Nepal Electricity Authority has requested Nepal’s international development partners to increase assistance in the energy sector. The NEA has requested Switzerland, the United Kingdom, America, the European Union, World Bank and the Asian Development Bank, which have been providing support to Nepal, to increase their assistance stating that large investments are needed for the expansion and…