Second Programmatic Energy Sector Development Policy Credit (WB-P170248)

Countries
  • Nepal
Where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
U
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
Dec 30, 2019
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
Government of Nepal
The holder of the loan, grant, or other investment.
Sectors
  • Energy
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 100.00 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)
$ 100.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Jun 25, 2020

Disclosed by Bank Jul 7, 2019


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

According to the bank document, the proposed project aims to to support the government’s efforts to improve the financial viability and governance of the electricity sector.

The programmatic DPC series has two pillars: (i) improving the financial viability of the electricity sector; and (ii) improving the governance of the electricity sector.

This project will support the Nepal Electricity Authority during COVID-19: "The ongoing COVID-19 pandemic has halted many of the economic activities, reduced electricity demand, and weakened the financial position of the Nepal Electricity Authority ... the proposed DPC operation continues to support key policy, regulatory, and institutional reforms to unlock the potential of Nepal's electricity sector."

Investment Description
  • World Bank (WB)
Contact Information

World Bank
Xiaoping Wang, Bipulendu Narayan Singh
Senior Energy Specialist

Borrower/Client/Recipient
Ministry of Finance
Narayan DhakalUnder Secretary
ndhakal@mof.gov.np

Implementing Agencies
Ministry of Energy, Water Resources and Irrigation
Dinesh Ghimere, Secretary
dkgmowr@hotmail.com

ACCOUNTABILITY MECHANISM OF WORLD BANK

The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx .