1,063 MW Upper Arun receives World Bank nod
Finance Ministry says the bank has agreed ‘in principle’ to lead the consortium of international financiers for developing the $1.71 billion project.
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Finance Ministry says the bank has agreed ‘in principle’ to lead the consortium of international financiers for developing the $1.71 billion project.
Agreements will allow for exchange of information, intelligence, and documents, ultimately helping the countries prevent growing customs offences.
The Arun-III hydroelectric power plant in Sankhuwasabha district will be the biggest hydroelectric facility in the Himalayan country.
Decision follows on Modi’s announcement during Dahal’s India visit. Nepali officials seek to sign an agreement soon.
Officials from Kathmandu and Dhaka have agreed to sign a long-term agreement for the export of 40MW electricity from Nepal to Bangladesh