ADB provides USD 150 million to improve water supply, sanitation, and alternative energy

Kathmandu / Nov 26: The Asian Development Bank has agreed to provide US$ 150 million as development assistance for two projects. One of these projects consists concessional loan of US$ 130 million for Urban Water Supply and Sanitation Project and the other project consists of additional loan financing of US$ 20 million for SASEC Power System Expansion Project.

The Urban Water Supply and Sanitation Project will support to expand access to community-managed water supply and sanitation in 20 municipalities by improving water supply and sanitation infrastructure and strengthening the capacity of relevant institutions and communities.

The SASEC Power System Expansion Project will help to increase power transmission capacity, improve distribution network, increase mini grid-based renewable energy systems in off-grid areas, develop the capacity of Nepal Electricity Authority and Alternative Energy Promotion Center and develop a utility-scale solar photovoltaic project.

The agrements for both projects were signed by Dr. Rajan Khanal, Secretary, Minister of Finance on behalf of Government of Nepal and by Mukhtor Khamudkhanov, Country Director, Nepal Resident Mission, on behalf of the Asian Development Bank.