ADB Increases Financing for the SASEC Power System Expansion Project in Nepal

26 November 2018

The Asian Development Bank (ADB) committed an additional $20 million to the SASEC Power System Expansion Project on 26 November 2018. The SASEC Power System Expansion Project, initially signed on July 2014, was implemented to help Nepal address its urgent power system needs. The project is building more than 200 kilometers of power transmission lines, as well as substations, along Kali Gandaki corridor in the Himalayas and Marsyangdi-Kathmandu route. The project is also building or upgrading more than 1,000 kilometers of power distribution lines in the east, central, and west regions of the country. Further, it supports construction of small hydroelectric power plants, as well as mini-grid based solar and solar/wind hybrid energy systems, to bring affordable renewable energy to remote areas.

This additional financing provides needed budget augmentation resulting from a change in financing arrangement from one of the co-financiers of the current project. The project is a priority under the SASEC Program's Power Generation and Transmission Master Plan and Regional Cooperation Business Plan, 2014-2016.

Key outcomes of the project include

  • Increase in power transmission capacity;
  • Improvement of power distribution network;
  • Increase in mini-grid-based renewable energy systems in off-grid areas;
  • Provision of capacity development support to the Nepal Electricity Authority and Alternative Energy Promotion Center; and
  • Development of utility scale solar photovoltaic projects.

Target project completion is in June 2022.

 

Related Links:

The Asian Development Bank (ADB) approved the proposed financing for the Maldives: SASEC National Single...

Read More


Bangladesh Prime Minister Sheikh Hasina inaugurated the Konabary and Chandra flyovers; the Kaliakair, Deohata, Mirzapur, and Gharinda underpasses;...

Read More


Mr. Manmohan Parkash, Country Director of Bangladesh Resident Mission of the Asian Development Bank (ADB), called on Mr....

Read More


The Central Board of Indirect Taxes and Customs (CBIC) of the Government of India organized the 20th Regional...

Read More


India could play a crucial role in interconnecting regional energy networks. In ...

Read More


With the implementation of the electronic cargo tracking system (ECTS) at the ports of Kolkata and Visakhapatnam (Vizag),...

Read More


The status of Authorized Economic Operator (AEO) was granted by the National Board of Revenue...

Read More