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    {"id":11418,"date":"2018-09-20T15:20:52","date_gmt":"2018-09-20T09:50:52","guid":{"rendered":"https:\/\/www.nepalisansar.com\/?p=11418"},"modified":"2018-12-26T17:32:47","modified_gmt":"2018-12-26T12:02:47","slug":"nepal-bags-usd-100-mn-world-bank-grant-for-energy-sector","status":"publish","type":"post","link":"https:\/\/www.nepalisansar.com\/news\/nepal-bags-usd-100-mn-world-bank-grant-for-energy-sector\/","title":{"rendered":"Nepal Bags USD 100 Mn World Bank Grant for Energy Sector"},"content":{"rendered":"

    Offering due attention to the country\u2019s energy potential, the World Bank approved its first-ever loan-based support worth USD 100 million to Nepal energy sector.<\/p>\n

    The grant under the Nepal Energy Sector Development Policy Credit program intends to support the country\u2019s energy sector in effective implementation of related regulatory, policies and institutional measures. <\/p>\n

    The fund is going to play a key role in strengthening financial viability of the Nepal Electricity Authority (NEA) through the establishment of a regulatory framework that eases electricity trade and restructures NEA encouraging the private sector participation.<\/p>\n

    \"World\u201cThe proposed credit aims to support the restructuring and market reform of the electricity sector to improve governance and performance of electricity institutions, eventually enhancing quality and efficiency in services,\u201d World Bank Country Manager for Nepal Faris Hadad-Zervos<\/span> said in a statement.<\/p><\/blockquote>\n

    The World Bank\u2019s move gains significance in view of the fact that Nepal<\/a> is heavily dependent on electricity imports despite its high hydropower potential, to address the power shortage domestically.<\/p>\n

    This situation persists owing to the large number of yet-to-be-materialized hydropower projects<\/a> in the country.<\/p>\n

    \u201cThe new credit aims to implement policy and institutional measures to overcome these challenges and help bring about structural reforms in the energy sector, to ensure affordable electricity services and encourage predictability for sustainable investment,\u201d the World Bank<\/span> release informed.<\/p><\/blockquote>\n

    The World Bank is currently supporting 22 active investment projects in Nepal with USD 2.5 billion assured in commitment from the International Development Association.<\/p>\n

    With the first credit assistance in 1969 for a telecom project, the World Bank has so far offered
    \nUSD 4.75 billion in assistance to Nepal, with USD 3.48 billion in credits and USD 1.27 billion in grants.<\/p>\n","protected":false},"excerpt":{"rendered":"

    Offering due attention to the country\u2019s energy potential, the World Bank approved its first-ever loan-based support…<\/span><\/p>\n

    Read more<\/a><\/div>\n

    <\/p>\n","protected":false},"author":761,"featured_media":15268,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7042,3,7640],"tags":[9071,9070,5879,4924,4291,98,4072,2994,177,9069,2939],"yoast_head":"\nNepal Bags USD 100 Mn World Bank Grant for Energy Sector<\/title>\n<meta name=\"description\" content=\"Attention to the country\u2019s energy potential, the World Bank approved its first-ever loan-based support worth USD 100 million to Nepali energy sector.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.nepalisansar.com\/news\/nepal-bags-usd-100-mn-world-bank-grant-for-energy-sector\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nepal Bags USD 100 Mn World Bank Grant for Energy 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