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World Bank Approves US$ 20 Million for Power Sector Reform and Sustainable Hydropower Development in Nepal

September 25, 2015

WASHINGTON, September 25, 2015 - The World Bank’s Board of Executive Directors today approved the following project:

Nepal – Power Sector Reform and Sustainable Hydropower Development Project

IDA Credit: US$20 million equivalent

Terms: Maturity = 38 years, Grace = 5 years

Project ID: P150066

Project Description: To help strengthen the capacity of power sector agencies in Nepal to plan and prepare hydropower generation and transmission line projects along international standards and best practice.  The project will also help improve the readiness of power sector agencies to undertake regulatory and institutional reforms.

For more information, please visit here: http://documents.worldbank.org/curated/en/2015/03/24221747/project-information-document-appraisal-stage-nepal-power-sector-reform-sustainable-hydropower-development-psrshd-p150066

Media Contacts
In Nepal
Rajib Upadhya
Tel : (+9771) 4226792 (Extn. 6102)
In Washington
Joe Qian
Tel : +1(202) 473 56331