AIIB Eyes Digital Upgrade of Nepal's Power Infrastructure
The Asian Infrastructure Investment Bank (AIIB) has expressed interest in supporting the modernization and digital transformation of Nepal's power infrastructure. An AIIB delegation led by Director General Rajat Misra held talks with Energy Minister Biraj Bhakta Shrestha on Thursday, focusing on energy sector strengthening, disaster preparedness, and early warning systems.
KATHMANDU, Sept 26 — The Asian Infrastructure Investment Bank (AIIB) has expressed interest in supporting the modernization and digital transformation of Nepal's power infrastructure.
An AIIB delegation led by Director General Rajat Misra held discussions with Energy, Water Resources and Irrigation Minister Biraj Bhakta Shrestha on Thursday. The talks centered on strengthening Nepal's energy sector, disaster preparedness, and early warning systems.
AIIB representatives signaled their readiness to support:
- The integrated upgrading of Nepal's transmission and distribution networks
- Post-disaster recovery and reconstruction efforts
- Technical assistance for disaster preparedness and early warning systems, drawing on lessons from the Bhote Koshi floods
The development comes as Nepal continues to prioritize energy sector investment, with the AIIB having previously identified the country as a priority for investment.