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Tuesday, 12 September 2017

ADB to Provide $152 Million Fund to Nepal


The Asian Development Bank (ADB) will provide a USD 152 million to Nepal for the implementation and enhancement of its power transmission and distribution. ADB and Nepal’s Ministry of Finance signed the loan agreement in Kathmandu.

The aid will be granted to the Power Transmission and Distribution Efficiency Enhancement Project (PTDEEP) which supports the expansion of the transmission lines in various areas of Nepal.

Important Takeaways from Above News-
  • ADB headquarters in Manila, Philippines.
  • Takehiko Nakao is the President of ADB.

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