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

Kathmandu September 28. World Bank approves to provide 20 million dollar assistance to reform energy sector and sustainable development of hydropower projects. This project aims to expand 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. This project is expected to help improve the readiness of power sector agencies to undertake regulatory and institutional reforms.

The first phase of the project will support preparation of Upper Arun hydroelectric project, UAHEP and Ikhuva hydropower project in line with international standards and the World Bank Safeguard Policies.The second phase will address critical power sector issues and restructuring NEA for improved management and efficiency. Similarly, The third phase will support improving the environmental and social safeguard management system in Nepal and associated capacity building.