Stories Tagged 'Energy sector'
The government and the World Bank signed two agreements totaling $200 million (Rs23.5 billion) as budgetary support to underpin a programme of critical reforms in Nepal’s financial and energy sectors.
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The first ever bilateral meeting of the Nepal-China Joint Implementation Mechanism on energy cooperation was held on Friday, where both sides agreed to facilitate joint investments in the power sector of both the countries. During the meeting, both the sides presented their respective country’s power system scenario, investment prospects, power markets and future plans to make each other familiar with their respective energy sectors.
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The World Bank has approved $100 million under the Nepal Energy Sector Development Policy Credit programme, which aims to implement key policies and regulatory and institutional measures. This is the first loan that the multilateral lending organisation has approved in the country’s energy sector.
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The first ever meeting of the Nepal-China joint steering committee (JSC) is slated to be held later this month in Kathmandu to explore areas where the two countries can work together for the development of the energy sector.
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Minister for Foreign Affairs Pradeep Gyawali has said some European nations were willing to invest in Nepal's energy and infrastructure development.
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Israeli Ambassador to Nepal Benny Omer paid a courtesy call on Minister for Energy, Water Resources and Irrigation Barshaman Pun on Monday.
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