World Bank to extend help in hydropower

Kathmandu: The World Bank pledged to extend support to Nepal for the development of South Asian Regional hydropower project. Visiting World Bank’s Vice President for South Asia Praful Patel said that the bank is eager to assist Nepal in such project during his meeting with Prime Minister Girija Prasad Koirala at the latter’s official residence at Baluwatar.

Stating that the World Bank has taken the PM’s proposal to assist in the hydropower project positively, Patel said that he will discuss the proposal with the Ministry of Water Resources.

According to PM Koirala’s foreign advisor Adiyta Baral, World Bank official Patel informed PM Koirala that the World Bank has granted Rs 2.4 billion in aid, the highest-ever, this year.