The Asian Development Bank (ADB) has approved a loan of USD 60 million USD as additional support for the ongoing Nepal Electricity Grid Modernisation Project.
According to the ADB, the project is automating 34 existing grid substations, completing the installation of smart metres in the Kathmandu valley, upgrading 144 kilometres and constructing 113 km of transmission lines, and establishing an electricity distribution system command and control centre.
“The additional financing will scale up ADB’s support to provide reliable, efficient, and sustainable electricity supply in Nepal,” the ADB stated issuing a press statement on Monday.
It is stated that this will provide additional investments to expand, strengthen, and modernise the transmission capacity and distribution networks so that the country can reach its electricity consumption target of 700-kilowatt hours per capita by 2026. The additional loan assistance will help construct 16 kilometres of 132-kilovolt transmission lines from Nepalgunj to Kohalpur and from Chobhar to Lagankhel.
It will introduce an additional 477 mega volt-amperes of substation capacity through the construction of substations in Dumkibas, Lagankhel, Mulpani, and Nepalgunj.
