South Asia Subregional Economic Cooperation Power System Expansion Project (ADB-44219-014)

Countries
  • Nepal
Where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
A
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jul 4, 2014
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Alternative Energy Promotion Center (AEPC)
The holder of the loan, grant, or other investment.
Sectors
  • Construction
  • Energy
  • Hydropower
  • Infrastructure
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant, Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 180.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Grant Amount (USD)
$ 0.50 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 368.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Bank Documents
Primary Source

Original disclosure @ ADB website

Updated in EWS Oct 4, 2017

Disclosed by Bank Mar 21, 2017


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Project Description
This project increases capacity of the national power grid and enhances renewable energy development. The South Asia Subregional Economic Cooperation Power System Expansion Project builds more than 200 kilometers of power transmission lines, as well as substations, along Kali Gandaki corridor in the Himalayas and Marsyangdi-Kathmandu route. The project is also building or upgrading more than 1,000 kilometers of power distribution lines in the east, central, and west regions of the country. The project is building small hydroelectric power plants, as well as mini-grid based solar and solar/wind hybrid energy systems.
Investment Description
  • Asian Development Bank (ADB)
This project is funded by: ADB (Loan): US$ 180.00 million Technical Assistance Special Fund (ADB): US$ 500,000.00 European Investment Bank (Loan): US$ 120.00 million Strategic Climate Fund (Grant): US$ 20.00 million Government of Norway (Grant): US$ 60.00 million Strategic Climate Fund (Grant): US$ 11.20 million
Contact Information
Alternative Energy Promotion Center (AEPC) INFO@AEPC.GOV.NP Khumaltaar Heights Lalitpur Sub Metropolitan City Nepal Nepal Electricity Authority Sanepa, Lalitpur Nepal ACCOUNTABILITY MECHANISM OF ADB The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main