The meeting also provided all rights to the Ministry of Finance to sign the agreement regarding this project, said Spokesperson of the Government and Minister for Information and Communications, Madhav Paudel. [break]
The government would provide the loans to the Nepal Electricity Authority (NEA) as loan while the government would invest the grant amount as the share in the NEA.
Similarly, the meeting decided to form a team of Nepali delegation to hold talks with the Asian Development Bank (ADB) regarding the grant assistance of 21 million US Dollars (approximately Rs. 2.04 billion) to be received from the Bank for preparations of the Energy Sector Projects.
Similarly, the cabinet meeting also decided to send the proposal of the Ministry of Home Affairs, on Schedule- 1 of Nepal Citizenship Regulations-2063 B.S., to Bills Committee of the Council of Ministers and that the Committee would recommend the government with necessary amendment, said Minister Paudel.
The government has decided to increase the revolving fund of Nepali side at the BP Koirala Nepal-India Foundation and add further 160 million rupees and provide the amount to Ministry of Finance.
Likewise, the government decided to extend the term of Nepal Army (NA) Technical Brigadier General Shiva Bahadur Basnyat by 18 months and one week effective from August 26.
The government has also decided to provide around 79.27 hectares of land in forest area to the Upper Trishuli ´A´ Hydropower Project and 94 ropanies and 14 annas of land to Hewa Khola Hydropower project on condition of abiding by various rules for 35 years to each.
The meeting decided to provide Rs. 500,000 financial support to run a programme on the occasion of World Indigenous Nationalities´ Day to Nepal Federation of Indigenous Nationalities.
Related story
52% of country's foreign aid went to province 3
