Manila, Nov 5 (SocialNews.XYZ) The Asian Development Bank (ADB) on Tuesday said it approved a loan of $311 million to modernise electricity transmission and distribution infrastructure in Nepal.
The ADB said the project will finance 290 km of power transmission lines in Nepal, promising to expand, reinforce, and rehabilitate electricity distribution infrastructure in relevant areas, Xinhua news agency reported.
The project is also expected to help the Nepal Electricity Authority upgrade its training centre, expand the smart meter rollout program, establish a data recovery centre, and implement a supervisory control and data acquisition network.
The ADB will also provide an additional $30 million in grants from its Asian Development Fund, which offers grants to ADB's poorest and most vulnerable developing members.
Source: IANS
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz
This website uses cookies.
