WB interested in Upper Arun hydro project

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    wbankBHOJPUR: World bank officials based in Nepal today showed interest in investing in the Upper Arun Hydro Power Project in Sankhuwasabha.

    A team led by a CA member Tara Man Gurung of Sankhuwasabha-2 reached the World Bank’s contact office in Kathmandu today and requested investment in the project. He said officials, at a meeting with the team, had shown interest.

    Gurung thanked the energy expert Rabin Shrestha of the WB and internal affairs chief Rajiv Upadhaya for WB’s interest in construction of the project and requested them to carry out the Detailed Project Report (DPR) soon.

    The officials said they were interested in investing in the project as it was cheap.

    A team of WB officials and high officials from Nepal Electricity Authority had carried out an aerial inspection of the site last Wednesday. The project has a capacity of 335 MW. Earlier, NEA had requested WB to the invest in the project.

    Source : The Himalayan Times