World Bank approves $100 million loan for Nepal

The World Bank has approved a $100 million loan under the Nepal Energy Sector Development Policy Credit programme to strengthen the finances and operations of Nepal’s energy sector. The credit aims to implement key policy, regulatory and institutional measures. These include improving the financial viability of the Nepal Electricity Authority (NEA) as the sole offtaker; establishing a regulatory framework that is transparent, autonomous and accountable; encouraging electricity trade; and restructuring the NEA to make it easier for the private sector to compete in the energy sector. The proposed credit aims to support the restructuring and market reform of the electricity sector to improve governance and performance of electricity institutions. This in turn will enhance the quality and efficiency of services.

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