ADB provides $152 million in loans to Nepal's power transmission and distribution infrastructure

ADB provides $152 million in loans to Nepal's power transmission and distribution infrastructure

2017-09-12
ADB provides $ 152 million in loans to Nepal's power transmission and distribution infrastructure


Asian Development Bank ADB has agreed to provide $ 152 million in loans for Nepal to strengthen infrastructure construction in Nepal.

The Asian Development Bank, headquartered in Manila, has signed a loan agreement with the Nepalese Ministry of Finance in Kathmandu to provide a $ 152 million loan for PTDEEP, an energy efficiency improvement project in Nepal.

According to the introduction, the PTDEEP project will expand the transmission project in many parts of Nepal and the power distribution project in the northern part of Kathmandu. The construction period is about 4-5 years. The project will be completed in stages, including transmission line construction, substation upgrade and expansion of power distribution system. The

The loan will come from the Asian Development Bank under the South Asian regional economic cooperation plan SASEC. In addition, the Asian Development Bank also agreed to provide the Government of Nepal with $ 21 million in policy support.