Kathmandu, Feb. 15 -- For the first time in Nepal's history, the world's top multilateral and bilateral lenders are partnering with the government and the Nepal Electricity Authority (NEA) to develop the 670-megawatt Dudhkoshi Storage Hydroelectric Project.

The World Bank, the Asian Development Bank (ADB), the Asian Infrastructure Investment Bank (AIIB), the European Investment Bank (EIB), the OPEC Fund for International Development (OFID), and the Saudi Fund for Development (SFD) have all expressed willingness to collaborate with the government and the NEA to build the reservoir-based project.

The ADB leads efforts to secure investment for the project, which is expected to complete financial approval by September.

Two major lenders, t...