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JD Neuhaus

IFC and Partners support major hydro-electric Plant in Nepal

IFC, a member of the World Bank Group, and a consortium of other lenders today finalized a $453 million debt financing package that will support the construction of a landmark hydroelectric plant in central Nepal. The plant will increase Nepal's electricity supply by one-third from today’s levels and provide clean, reliable power to up to 9 million people, part of a larger effort by IFC to create markets and fight poverty in the country.

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