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ADB approves USD 311 million loan for Nepal’s T&D infrastructure upgrade

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The Asian Development Bank (ADB) has approved a USD 311 million loan to upgrade electricity transmission and distribution infrastructure in Nepal under the South Asia Subregional Economic Cooperation Electricity T&D Strengthening Project.  Implemented by Nepal Electricity Authority (NEA), the project will modernize energy infrastructure and add solar photovoltaic (PV) generation capacity.  Key initiatives include constructing 290 km of transmission lines across Dailekh–Jumla, New Butwal–Lamahi, Nijgadh–Ramauli, and Teenpiple–Okharpauwa, along with enhancing distribution infrastructure in Karnali and…

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Adani Group plans 10 GW of overseas hydroelectric projects

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Adani Group is planning to develop 10 gigawatts (GW) of hydroelectric projects overseas in the coming years as part of its strategy to reach net zero carbon emissions by 2050. The conglomerate, led by billionaire Gautam Adani, is exploring projects in countries like Nepal, Bhutan, Kenya, Tanzania, the Philippines, and Vietnam, according to sources familiar with the plans. The group is particularly interested in regions with favourable topography and growing demand for hydropower. The move…

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Nepal, India, and Bangladesh sign deal for 40 MW electricity trade

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Nepal, India, and Bangladesh have signed a landmark trilateral agreement to trade 40 MW of electricity, marking the first time Nepal will sell power to a third country. The deal, signed in Kathmandu, allows Nepal to export electricity to Bangladesh via India, as Nepal and Bangladesh are not geographically connected. Under the agreement, Bangladesh will import 40 MW of electricity from Nepal during the five months from mid-June to mid-November each year, with a total…