The World Bank and the Government of Nepal signed an agreement here today towards financing the implementation of the Nepal India Electricity Transmission and Trade Project (NIETTP).


The agreement was signed by Lal Shanker Ghimire, Joint Secretary and Chief of the Foreign Aid Coordination Division, Ministry of Finance and Andras Horvai, World Bank Acting Country Manager for Nepal.


“Removing infrastructure barriers to growth is among the key development challenges facing Nepal today,” said Ellen Goldstein, the World Bank Country Director for Nepal and Bangladesh.


“The project will provide Nepal with at least 100 MW of additional electricity imported from India to meet its power needs,” said Goldstein.