Kathmandu, Nepal: The Asian Development Bank (ADB) has on Thursday pledged to provide a grant assistance of more than Rs 2 billion for generating 25 megawatts solar power.
Organizing a news conference in Kathmandu, Kenichi Yokoyama, the ADB country director for Nepal said the assistance was provided from the Climate Fund. The assistance was made to promote and encourage the private sector participation in solar energy production, Kenichi Yokoyama.
The ADB has stated that the grant would be provided to the power developers concerned through the Nepal Electricity Authority (NEA). It is expected that about 25 megawatts power will be generated by 2018.
