Nepal: first EIB loan for renewable energy

(LEXEGESE) - The European Investment Bank (EIB) has granted a EUR 55 million (NPR approx 6.41 billion) loan to the Federal Democratic Republic of Nepal to finance the construction and operation of the Tanahu Hydropower plant. The finance contract was signed today in Kathmandu. The plant with an installed capacity of a 140 MWe will be built on the Upper Seti River, Tanahu District, in the central part of Nepal. According to EIB, the project will contribute to meet peak electricity demand in Nepal during the dry winter season when the shortages are more acute and will operate as a base load power plant during the remaining period of the year ...Zum vollständigen Artikel

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