ADB backs Nepal power transmission, battery storage projects through PPPs
Summary
The Asian Development Bank has signed two agreements with the Nepal Electricity Authority to advance power transmission and battery energy storage projects through public-private partnerships. The projects are expected to mobilise more than $200 million in private investment and improve grid reliability and renewable energy integration in Nepal.
Key Points
- The Asian Development Bank and the Nepal Electricity Authority signed two agreements to support private-sector investment in power transmission and battery storage projects through PPPs.
- The projects are expected to mobilise more than $200 million in private investment and include a 134-kilometre transmission line and 100–150 megawatt-hours of battery storage systems.
- ADB said the projects will improve grid reliability, integrate renewable energy and support regional electricity trade.
- NEA said the agreements will help attract private investment and support the long-term sustainability of Nepal’s power sector.
