ADB investing over US $200 million to support Nepal’s power grid expansion
Summary
The Asian Development Bank has signed two agreements with Nepal to support private investment in power transmission and battery energy storage projects under a public-private partnership model. The projects are expected to attract more than US $200 million and strengthen Nepal’s electricity network, renewable integration and regional power trade.
Key Points
- ADB has signed two transaction advisory agreements with Nepal to back power transmission and battery energy storage projects under a PPP model.
- The projects are expected to draw more than US $200 million in private-sector investment.
- One project is a 134-kilometre, 400-kilovolt transmission line linking Tingla, New Khimti and Dhalkebar.
- The second project will set up 100–150 megawatt-hours of utility-scale battery energy storage systems at selected NEA substations.
