Information Officer
The International Development Association (
The objective of the hydroelectric project is to construct the 37.6 MW hydroelectric projects in Kabeli River running through Taplejung and Panchthar Districts under the public - private - partnership (
Government of Nepal through a subsidiary loan agreement will relend the total loan to Kabeli Energy Limited through Hydropower Infrastructure Development Company Ltd.
Similarly, the World Bank acting as an implementing agency of the Scaling Up Renewable Energy Program (SREP) in Low Income Countries Multi Donor Trust Fund under the Strategic Climate Fund will support the objectives of the National Rural and Renewable Energy Program (NRREP) for Extended Biogas Project. This project will be implemented by Alternative Energy Promotion Center in five years (2014-2019).
Both the Agreements were signed by Mr. Suman Prasad Sharma, Secretary, Ministry of Finance and Mr. Takuya Kamata, Country Manager, World Bank Nepal office of the World Bank on behalf of the Government of Nepal and the Bank, respectively.
The Government of Nepal has expressed its sincere appreciation to the World Bank for this assistance and for its continued support in the socio-economic development of Nepal.
Ministry of Finance
Singhadurbar
Monday, 24 November 2014