Nepal: Electricity Grid Modernization Project – Additional Financing
The additional financing for the Nepal Electricity Authority will help further improve transmission and distribution system in Nepal. The project is aligned with ADB's country partnership strategy for Nepal, 2020-2024, and supports the government's development objective of accelerated and inclusive economic growth.
| PROJECT DETAILS | ||
|
Commitment Date Funding Type Country Sector Status Total Cost |
26 Nov 2021 Loan Nepal Energy Ongoing $75 million | |
| KEY OUTPUTS |
The outcome of the ongoing project is to improve reliability, efficiency, and financial sustainability of electricity supply in Nepal. The ongoing project includes three main outputs: (1) Electricity transmission capacity in project areas strengthened and modernized (2) Electricity distribution system in project areas strengthened and modernized (3) Capacity of Nepal Electricity Authority to implement its Corporate Development Plan strengthened |
| FINANCING |
$60 million (Asian Development Fund / Concessional ordinary capital resources lending) $15 million (Government of Nepal) |
Contact the SASEC Secretariat at:
sasec@adb.org