Kathmandu, 27 November: The Asian Development Bank (ADB) has approved a $156 million concessional loan to modernize power transmission and distribution systems in Nepal.
While majority of Nepal’s population has access to grid-supplied electricity, there is a need to increase the capacity and reach of power distribution networks to meet current and future demands, improve reliability and quality of supply, and reduce losses. The Electricity Grid Modernization Project will finance the automation of grid substations throughout the country, modernize distribution and transmission systems in various areas, complete the installation of smart meters in the Kathmandu Valley, and support sector reform and institutional strengthening of the Nepal Electricity Authority (NEA), according to a press release issued by the bank from Manila on Friday.
People’s News Monitoring Service
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