Thursday, August 27, 2020

ADB agrees to extend US$ 200 million for power infrastructure

Kathmandu, 28 August : The Asian Development Bank (ADB) has agreed to provide US$ 200 million concessional loan to Nepal for the implementation of South Asia’s Sub-regional Economic Cooperation (SASEC) Power Transmission and Distribution Strengthening Project.

Likewise, Norway has agreed to provide grant co-financing of US$ 35 million to be administered by the ADB, according to the Ministry of Finance.

People’s News Monitoring Service

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