Tag: World Bank

KATHMANDU, April 20: An agreement in principle has been reached for the financial management of the proposed 1063-megawatt Upper Arun Semi-Reservoir Hydropower project in...

KATHMANDU, March 22: Finance Minister Barshaman Pun and three vice-chairpersons of the World Bank have discussed the mega infrastructure projects of Nepal. Finance Minister Pun...

The project experiences a funds crunch after outstanding dues to the contractor assigned to build the canal were settled with this fiscal year’s budget. The...

Kathmandu, 1 February 2024. In order to strengthen the electricity transmission and distribution system within the country, the work of substation under construction in...

KATHMANDU, December 6, 2023 – The World Bank and the Asian Development Bank (ADB) announced collaboration to strengthen Nepal’s hydropower sector specifically in the...

Finance Minister Prakash Sharan Mahat says the World Bank and the Asia Development Bank’s move to invest in Nepal’s renewable energy projects will boost...

On November 3, 2023, in the Bhote Khola Rural Municipality of Sankhuwasabha, a commitment has been expressed to advance the construction of the 1,061-megawatt...

After the restoration of multiparty democracy in 1990, Nepal has been taking steps toward hydropower generation. The 1990s saw efforts aimed at developing the...

1,061 MW project will be the bank’s first investment in the country’s hydropower since it pulled out of Arun III in 1995. Nepal seeks an...

Kathmandu, 22 August 2023. Prime Minister Pushpa Kamal Dahal 'Prachanda' has inaugurated the new Bharatpur 220-132 kilovolt (KV) substation. In addition, Prime Minister Prachanda...