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Europe Daily Bulletin No. 10844

14 May 2013
Contents Publication in full By article 30 / 33
EXTERNAL ACTION / (ae) nepal
EIB loan for building hydro power plant

Brussels, 13/05/2013 (Agence Europe) - Last week, the European Investment Bank (EIB) granted a €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, which will have a storage capacity of 140 MW, and its connection to the national grid. The plant will help Nepal meet peak electricity demand during the dry winter season when the shortages are more acute and will operate as a base load...

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