Nepal Energy Sector Development Policy Credit

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The development objectives of First Programmatic Energy Sector Development Policy Credit (DPC) Project for Nepal is to support the government’s efforts in improving the financial viability and governance of the electricity sector. The policy and institutional measures included in this operation are consistent with the actions laid out in government of Nepal (GoN's) power sector strategy and action plan. This programmatic DPC series will support GoN’s efforts in improving the financial viability and governance of the electricity sector. This operation is the first in a programmatic series of three operations and is organized under two pillars: (a) improving the financial viability of the electricity sector and (b) improving the governance of the electricity sector. This operation supports the World Bank's twin goals of poverty reduction and shared prosperity and is consistent with the World Bank's Maximizing Finance for Development (MFD) approach and the Country Partnership Strategy for FY2019–2023. It complements the World Bank Group’s existing engagement in generation, transmission, distribution and off‐grid, renewable‐based solutions in the form of investment operations and technical assistance.