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Asian Development Bank (ADB) and Norwegian government have agreed to provide an assistance of US$ 100 million to the government of Nepal for the development of Electricity Transmission Expansion and Supply Improvement Project.
Of the total assistance, ADB has agreed to provide US$ 56 million as loan and US$ 19 million as grant while Norway has agreed to provide US$ 25 million as grant.
The agreement was signed between Lal Shankar Ghimire, Joint Secretary at the Ministry of Finance and Paolo Spantigati, Officer-in-Charge, ADB, Kathmandu, on behalf of their government and institutions, respectively, on Friday.
The Nepal Electricity Authority (NEA) will implement the project that is expected to be completed by June, 2017. nepalnews.com
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| ADB, Norway agree to provide US$ 100m aid for development of electricity transmission |
| Sunday, 25 March 2012 12:57 Read this : 599 times |
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