Nepal seeks $1 billion from World Bank, others for Upper Arun

1,061 MW project will be the bank’s first investment in the country’s hydropower since it pulled out of Arun III in 1995.

Nepal seeks an investment of around $1 billion from the World Bank and other international financial institutions to develop the 1,061MW Upper Arun Hydroelectric Project as the global lender tries to return to an Arun river project after a gap of 28 years.