The Asian Development Bank (ADB) has agreed to provide $200m funding to modernize the electricity supply and distribution system in Nepal.
The Kathmandu Valley, Bharatpur metropolitan area in Chitwan district in Bagmati Province and Pokhara of Kaski district in Gandaki Province will receive financial support to reinforce and modernize their power supply system, reports NS Energy.
The project will also support the Province 2, where the quality of power supply is poor and nearly 20% of households are still without access to the national grid.
In addition to the funding from ADB, the Government of Norway is providing a $35m co-financing for the installation and modernization of power distribution networks in Province 2 and various substations to evacuate hydropower in the country.
