KATHMANDU, March 26 -- Nepal Electricity Authority (NEA) has urged the Asian Infrastructure Investment Bank (AIIB) to increase investment in electricity infrastructure improvement and expansion projects.

During a meeting with a visiting AIIB delegation comprising the bank board of governors led by AIIB Director RMP Rathnayake on Monday, NEA Executive Director Kulman Ghising requested the AIIB to ramp up investment on cheaper interest rates in infrastructure improvement and expansion towards electricity transmission and distribution.

On the occasion NEA Executive Director Ghising apprised the AIIB delegation of the outline of the energy sector development in Nepal and the investment needs for the same. He said there is a need for huge in...