MCA-Nepal signs two major contracts worth $154.5 million

Summary

MCA-Nepal has signed two contracts worth $154.5 million to advance the Electricity Transmission Project, co-funded by Nepal and the US, aiming to improve electricity reliability and regional power trade.

Key Points
  • MCA-Nepal signed two contracts totaling $154.5 million for the Electricity Transmission Project.
  • Contracts cover design, installation, testing, and commissioning of 180 km of high-voltage lines.
  • The project is jointly funded by the governments of Nepal and the United States under the MCC Nepal Compact.
  • The MCC Nepal Compact represents a $697 million investment for economic development including electricity and road maintenance.
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