KATHMANDU, Feb 16: The European Investment Bank (EIB) will provide Rs 12.4 billion grant to the Government of Nepal for its electricity system upgradation project.

European Investment Bank (EIB) is the public bank owned by 28 member countries of the European Union. The EIB supports investment in 160 countries worldwide. In Asia, it focuses on support for climate-related investment. Nearly 14 percent of its investment is outside the EU including Asia. The EIB has provided more than 190 million euro for energy investment across Nepal over the last five years.

EIB delegation in Kathmandu

November 19, 2018 18:21 pm

KATHMANDU, Nov 19: A high-level delegation led by Vice-President of European Investment Bank (EIB), Andrew McDowell has arrived here for four-day visit.