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<p><span style="font-size:12pt"><span style="font-family:Calibri"><span style="font-size:14.0pt"><span style="font-family:Arial">Joint Secretary at the Ministry of Finance Shree Krishna Nepal and </span></span><span style="font-size:14.0pt"><span style="font-family:Arial">Rudi Van Dael, officer-in-charge of ADB for Nepal, signed the agreement amid a function at the ministry on December 30. </span></span></span></span></p>
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<p><span style="font-size:12pt"><span style="font-family:Calibri"><span style="font-size:14.0pt"><span style="font-family:Arial">According to the ADB, 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).</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Calibri"><span style="font-size:14.0pt"><span style="font-family:Arial">ADB said in a statement that the project will, among others, automate 34 existing grid substations, install 220-kilovolt (kV) and 132-kV automated grid substations, construct a total of 113 kilometers (km) of new transmission lines, upgrade 144 km of existing transmission lines with efficient conductors, and expand the installation of smart meters for 350,000 electricity consumers in the Kathmandu Valley. An electricity distribution system command and control center in Kathmandu will also be constructed. </span></span></span></span></p>
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<p><span style="font-size:12pt"><span style="font-family:Calibri"><span style="font-size:14.0pt"><span style="font-family:Arial">Joint Secretary at the Ministry of Finance Shree Krishna Nepal and </span></span><span style="font-size:14.0pt"><span style="font-family:Arial">Rudi Van Dael, officer-in-charge of ADB for Nepal, signed the agreement amid a function at the ministry on December 30. </span></span></span></span></p>
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<p><span style="font-size:12pt"><span style="font-family:Calibri"><span style="font-size:14.0pt"><span style="font-family:Arial">According to the ADB, 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).</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Calibri"><span style="font-size:14.0pt"><span style="font-family:Arial">ADB said in a statement that the project will, among others, automate 34 existing grid substations, install 220-kilovolt (kV) and 132-kV automated grid substations, construct a total of 113 kilometers (km) of new transmission lines, upgrade 144 km of existing transmission lines with efficient conductors, and expand the installation of smart meters for 350,000 electricity consumers in the Kathmandu Valley. An electricity distribution system command and control center in Kathmandu will also be constructed. </span></span></span></span></p>
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<p><span style="font-size:12pt"><span style="font-family:Calibri"><span style="font-size:14.0pt"><span style="font-family:Arial">The concessional loan was approved by the ADB in late November, according to a statement published by the bank on November 27.</span></span></span></span></p>
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<p><span style="font-size:12pt"><span style="font-family:Calibri"><span style="font-size:14.0pt"><span style="font-family:Arial">Joint Secretary at the Ministry of Finance Shree Krishna Nepal and </span></span><span style="font-size:14.0pt"><span style="font-family:Arial">Rudi Van Dael, officer-in-charge of ADB for Nepal, signed the agreement amid a function at the ministry on December 30. </span></span></span></span></p>
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<p><span style="font-size:12pt"><span style="font-family:Calibri"><span style="font-size:14.0pt"><span style="font-family:Arial">According to the ADB, 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).</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Calibri"><span style="font-size:14.0pt"><span style="font-family:Arial">ADB said in a statement that the project will, among others, automate 34 existing grid substations, install 220-kilovolt (kV) and 132-kV automated grid substations, construct a total of 113 kilometers (km) of new transmission lines, upgrade 144 km of existing transmission lines with efficient conductors, and expand the installation of smart meters for 350,000 electricity consumers in the Kathmandu Valley. An electricity distribution system command and control center in Kathmandu will also be constructed. </span></span></span></span></p>
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<p><span style="font-size:12pt"><span style="font-family:Calibri"><span style="font-size:14.0pt"><span style="font-family:Arial">The concessional loan was approved by the ADB in late November, according to a statement published by the bank on November 27.</span></span></span></span></p>
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<p><span style="font-size:12pt"><span style="font-family:Calibri"><span style="font-size:14.0pt"><span style="font-family:Arial">Joint Secretary at the Ministry of Finance Shree Krishna Nepal and </span></span><span style="font-size:14.0pt"><span style="font-family:Arial">Rudi Van Dael, officer-in-charge of ADB for Nepal, signed the agreement amid a function at the ministry on December 30. </span></span></span></span></p>
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<p><span style="font-size:12pt"><span style="font-family:Calibri"><span style="font-size:14.0pt"><span style="font-family:Arial">According to the ADB, 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).</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Calibri"><span style="font-size:14.0pt"><span style="font-family:Arial">ADB said in a statement that the project will, among others, automate 34 existing grid substations, install 220-kilovolt (kV) and 132-kV automated grid substations, construct a total of 113 kilometers (km) of new transmission lines, upgrade 144 km of existing transmission lines with efficient conductors, and expand the installation of smart meters for 350,000 electricity consumers in the Kathmandu Valley. An electricity distribution system command and control center in Kathmandu will also be constructed. </span></span></span></span></p>
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<p><span style="font-size:12pt"><span style="font-family:Calibri"><span style="font-size:14.0pt"><span style="font-family:Arial">Joint Secretary at the Ministry of Finance Shree Krishna Nepal and </span></span><span style="font-size:14.0pt"><span style="font-family:Arial">Rudi Van Dael, officer-in-charge of ADB for Nepal, signed the agreement amid a function at the ministry on December 30. </span></span></span></span></p>
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<p><span style="font-size:12pt"><span style="font-family:Calibri"><span style="font-size:14.0pt"><span style="font-family:Arial">ADB said in a statement that the project will, among others, automate 34 existing grid substations, install 220-kilovolt (kV) and 132-kV automated grid substations, construct a total of 113 kilometers (km) of new transmission lines, upgrade 144 km of existing transmission lines with efficient conductors, and expand the installation of smart meters for 350,000 electricity consumers in the Kathmandu Valley. An electricity distribution system command and control center in Kathmandu will also be constructed. </span></span></span></span></p>
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<p><span style="font-size:12pt"><span style="font-family:Calibri"><span style="font-size:14.0pt"><span style="font-family:Arial">Joint Secretary at the Ministry of Finance Shree Krishna Nepal and </span></span><span style="font-size:14.0pt"><span style="font-family:Arial">Rudi Van Dael, officer-in-charge of ADB for Nepal, signed the agreement amid a function at the ministry on December 30. </span></span></span></span></p>
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<p><span style="font-size:12pt"><span style="font-family:Calibri"><span style="font-size:14.0pt"><span style="font-family:Arial">Joint Secretary at the Ministry of Finance Shree Krishna Nepal and </span></span><span style="font-size:14.0pt"><span style="font-family:Arial">Rudi Van Dael, officer-in-charge of ADB for Nepal, signed the agreement amid a function at the ministry on December 30. </span></span></span></span></p>
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<p><span style="font-size:12pt"><span style="font-family:Calibri"><span style="font-size:14.0pt"><span style="font-family:Arial">According to the ADB, 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).</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Calibri"><span style="font-size:14.0pt"><span style="font-family:Arial">ADB said in a statement that the project will, among others, automate 34 existing grid substations, install 220-kilovolt (kV) and 132-kV automated grid substations, construct a total of 113 kilometers (km) of new transmission lines, upgrade 144 km of existing transmission lines with efficient conductors, and expand the installation of smart meters for 350,000 electricity consumers in the Kathmandu Valley. An electricity distribution system command and control center in Kathmandu will also be constructed. </span></span></span></span></p>
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<p><span style="font-size:12pt"><span style="font-family:Calibri"><span style="font-size:14.0pt"><span style="font-family:Arial">Joint Secretary at the Ministry of Finance Shree Krishna Nepal and </span></span><span style="font-size:14.0pt"><span style="font-family:Arial">Rudi Van Dael, officer-in-charge of ADB for Nepal, signed the agreement amid a function at the ministry on December 30. </span></span></span></span></p>
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<p><span style="font-size:12pt"><span style="font-family:Calibri"><span style="font-size:14.0pt"><span style="font-family:Arial">According to the ADB, 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).</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Calibri"><span style="font-size:14.0pt"><span style="font-family:Arial">ADB said in a statement that the project will, among others, automate 34 existing grid substations, install 220-kilovolt (kV) and 132-kV automated grid substations, construct a total of 113 kilometers (km) of new transmission lines, upgrade 144 km of existing transmission lines with efficient conductors, and expand the installation of smart meters for 350,000 electricity consumers in the Kathmandu Valley. An electricity distribution system command and control center in Kathmandu will also be constructed. </span></span></span></span></p>
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December 31: The Government of Nepal has signed a $156 million (Rs 18.25 billion) deal with the Asian Development Bank (ADB) for concessional loan to modernize power transmission and distribution systems in the country.
Joint Secretary at the Ministry of Finance Shree Krishna Nepal and Rudi Van Dael, officer-in-charge of ADB for Nepal, signed the agreement amid a function at the ministry on December 30.
Out of the total cost of Rs 22.81 billion required for the project, the ADB will fund Rs 18.25 billion while the Government of Nepal and the Nepal Electricity Authority will contribute Rs 4.56 billion, informed the ministry.
According to the ADB, 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).
ADB said in a statement that the project will, among others, automate 34 existing grid substations, install 220-kilovolt (kV) and 132-kV automated grid substations, construct a total of 113 kilometers (km) of new transmission lines, upgrade 144 km of existing transmission lines with efficient conductors, and expand the installation of smart meters for 350,000 electricity consumers in the Kathmandu Valley. An electricity distribution system command and control center in Kathmandu will also be constructed.
“ADB has been actively involved in major policy and institutional reforms in the power sector, and this project is a continuation of our support to provide reliable and efficient electricity supply in the country,” the statement quoted ADB Principal Energy Specialist Jiwan Acharya as saying. “Moreover, this project will position Nepal to be better prepared in its post-pandemic economic rebuilding.”
The concessional loan was approved by the ADB in late November, according to a statement published by the bank on November 27.
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<p><span style="font-size:12pt"><span style="font-family:Calibri"><span style="font-size:14.0pt"><span style="font-family:Arial">Joint Secretary at the Ministry of Finance Shree Krishna Nepal and </span></span><span style="font-size:14.0pt"><span style="font-family:Arial">Rudi Van Dael, officer-in-charge of ADB for Nepal, signed the agreement amid a function at the ministry on December 30. </span></span></span></span></p>
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<p><span style="font-size:12pt"><span style="font-family:Calibri"><span style="font-size:14.0pt"><span style="font-family:Arial">According to the ADB, 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).</span></span></span></span></p>
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<p><span style="font-size:12pt"><span style="font-family:Calibri"><span style="font-size:14.0pt"><span style="font-family:Arial">According to the ADB, 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).</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Calibri"><span style="font-size:14.0pt"><span style="font-family:Arial">ADB said in a statement that the project will, among others, automate 34 existing grid substations, install 220-kilovolt (kV) and 132-kV automated grid substations, construct a total of 113 kilometers (km) of new transmission lines, upgrade 144 km of existing transmission lines with efficient conductors, and expand the installation of smart meters for 350,000 electricity consumers in the Kathmandu Valley. An electricity distribution system command and control center in Kathmandu will also be constructed. </span></span></span></span></p>
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<p><span style="font-size:12pt"><span style="font-family:Calibri"><span style="font-size:14.0pt"><span style="font-family:Arial">According to the ADB, 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).</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Calibri"><span style="font-size:14.0pt"><span style="font-family:Arial">ADB said in a statement that the project will, among others, automate 34 existing grid substations, install 220-kilovolt (kV) and 132-kV automated grid substations, construct a total of 113 kilometers (km) of new transmission lines, upgrade 144 km of existing transmission lines with efficient conductors, and expand the installation of smart meters for 350,000 electricity consumers in the Kathmandu Valley. An electricity distribution system command and control center in Kathmandu will also be constructed. </span></span></span></span></p>
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<p><span style="font-size:12pt"><span style="font-family:Calibri"><span style="font-size:14.0pt"><span style="font-family:Arial">Joint Secretary at the Ministry of Finance Shree Krishna Nepal and </span></span><span style="font-size:14.0pt"><span style="font-family:Arial">Rudi Van Dael, officer-in-charge of ADB for Nepal, signed the agreement amid a function at the ministry on December 30. </span></span></span></span></p>
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<p><span style="font-size:12pt"><span style="font-family:Calibri"><span style="font-size:14.0pt"><span style="font-family:Arial">According to the ADB, 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).</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Calibri"><span style="font-size:14.0pt"><span style="font-family:Arial">ADB said in a statement that the project will, among others, automate 34 existing grid substations, install 220-kilovolt (kV) and 132-kV automated grid substations, construct a total of 113 kilometers (km) of new transmission lines, upgrade 144 km of existing transmission lines with efficient conductors, and expand the installation of smart meters for 350,000 electricity consumers in the Kathmandu Valley. An electricity distribution system command and control center in Kathmandu will also be constructed. </span></span></span></span></p>
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<p><span style="font-size:12pt"><span style="font-family:Calibri"><span style="font-size:14.0pt"><span style="font-family:Arial">Joint Secretary at the Ministry of Finance Shree Krishna Nepal and </span></span><span style="font-size:14.0pt"><span style="font-family:Arial">Rudi Van Dael, officer-in-charge of ADB for Nepal, signed the agreement amid a function at the ministry on December 30. </span></span></span></span></p>
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<p><span style="font-size:12pt"><span style="font-family:Calibri"><span style="font-size:14.0pt"><span style="font-family:Arial">According to the ADB, 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).</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Calibri"><span style="font-size:14.0pt"><span style="font-family:Arial">ADB said in a statement that the project will, among others, automate 34 existing grid substations, install 220-kilovolt (kV) and 132-kV automated grid substations, construct a total of 113 kilometers (km) of new transmission lines, upgrade 144 km of existing transmission lines with efficient conductors, and expand the installation of smart meters for 350,000 electricity consumers in the Kathmandu Valley. An electricity distribution system command and control center in Kathmandu will also be constructed. </span></span></span></span></p>
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<p><span style="font-size:12pt"><span style="font-family:Calibri"><span style="font-size:14.0pt"><span style="font-family:Arial">Joint Secretary at the Ministry of Finance Shree Krishna Nepal and </span></span><span style="font-size:14.0pt"><span style="font-family:Arial">Rudi Van Dael, officer-in-charge of ADB for Nepal, signed the agreement amid a function at the ministry on December 30. </span></span></span></span></p>
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<p><span style="font-size:12pt"><span style="font-family:Calibri"><span style="font-size:14.0pt"><span style="font-family:Arial">The concessional loan was approved by the ADB in late November, according to a statement published by the bank on November 27.</span></span></span></span></p>
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<p><span style="font-size:12pt"><span style="font-family:Calibri"><span style="font-size:14.0pt"><span style="font-family:Arial">Joint Secretary at the Ministry of Finance Shree Krishna Nepal and </span></span><span style="font-size:14.0pt"><span style="font-family:Arial">Rudi Van Dael, officer-in-charge of ADB for Nepal, signed the agreement amid a function at the ministry on December 30. </span></span></span></span></p>
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<p><span style="font-size:12pt"><span style="font-family:Calibri"><span style="font-size:14.0pt"><span style="font-family:Arial">According to the ADB, 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).</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Calibri"><span style="font-size:14.0pt"><span style="font-family:Arial">ADB said in a statement that the project will, among others, automate 34 existing grid substations, install 220-kilovolt (kV) and 132-kV automated grid substations, construct a total of 113 kilometers (km) of new transmission lines, upgrade 144 km of existing transmission lines with efficient conductors, and expand the installation of smart meters for 350,000 electricity consumers in the Kathmandu Valley. An electricity distribution system command and control center in Kathmandu will also be constructed. </span></span></span></span></p>
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<p><span style="font-size:12pt"><span style="font-family:Calibri"><span style="font-size:14.0pt"><span style="font-family:Arial">Joint Secretary at the Ministry of Finance Shree Krishna Nepal and </span></span><span style="font-size:14.0pt"><span style="font-family:Arial">Rudi Van Dael, officer-in-charge of ADB for Nepal, signed the agreement amid a function at the ministry on December 30. </span></span></span></span></p>
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<p><span style="font-size:12pt"><span style="font-family:Calibri"><span style="font-size:14.0pt"><span style="font-family:Arial">According to the ADB, 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).</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Calibri"><span style="font-size:14.0pt"><span style="font-family:Arial">ADB said in a statement that the project will, among others, automate 34 existing grid substations, install 220-kilovolt (kV) and 132-kV automated grid substations, construct a total of 113 kilometers (km) of new transmission lines, upgrade 144 km of existing transmission lines with efficient conductors, and expand the installation of smart meters for 350,000 electricity consumers in the Kathmandu Valley. An electricity distribution system command and control center in Kathmandu will also be constructed. </span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Calibri"><span style="font-size:14.0pt"><span style="font-family:Arial"> “ADB has been actively involved in major policy and institutional reforms in the power sector, and this project is a continuation of our support to provide reliable and efficient electricity supply in the country,” the statement quoted ADB Principal Energy Specialist Jiwan Acharya as saying. “Moreover, this project will position Nepal to be better prepared in its post-pandemic economic rebuilding.”</span></span></span></span></p>
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