The Himalayan Times reported that IFC executive vice president Jin -yong Cai expressed the willingness in assisting Nepal during the meeting with Finance Minister Ram Sharan Mahat at the World Bank Headquarters in Washington DC.
Cai was quoted by the news agency as saying that IFC is particularly interested in supporting the construction of hydropower projects that will cater to the domestic consumption demand as well as generate enough electricity for export to neighbouring countries.
"For this, IFC is expecting the government’s support in facilitating the process, including PDA agreement by Nepal Investment Board for the implementation of power projects," Cai said.
IFC revealed earlier in April 2014 that it is working with Nepal’s Clean Energy Development Bank to assist Gokarna Forest Resort implement energy and water saving measures and adopt a clean, green growth path.
