WB on solar project

KATHMANDU: World Bank has said ‘it would be premature to speculate upon the World Bank’s future role’ in Grid Solar and Energy Efficiency Project.

In a media release on Friday, Takuya Kamata, WB’s country manager for Nepal, said, “However, we can confirm that following extensive review, the award of contract managed by Nepal Electricity Authority under this project conforms with the procurement policies and practices adopted by the 189 member governments of World Bank Group, as well as financing agreement between Nepal government and WB.”