Posted inNews

USD 500 million MCC grant will boost Nepal’s power sector: US

Kathmandu: The US has commended Nepal for ratifying the contentious Washington-funded USD 500 million MCC grant, saying it will result in more jobs, reliable power supply and reduced transport costs in the Himalayan nation. The Nepali Parliament on Sunday ratified the Millennium Challenge Corporation (MCC) compact along with an Interpretive Declaration, a day ahead of the […]