Common Contracts
1 similar Advance Agreement contracts
Re: Advance Agreement for the Preparation of the Proposed Upper Arun Hydroelectric Project Preparation Advance Number IDA V501-NPAdvance Agreement • September 1st, 2024
In response to the request for financial assistance made on behalf of Nepal (“Recipient”), I am pleased to inform you that the International Development Association (“IDA” or “Bank”) proposes to extend to the Recipient an advance out of the Bank’s Project Preparation Facility in an amount not to exceed six million Dollars ($6,000,000) (“Advance”) on the terms and conditions set forth or referred to in this letter agreement (“Agreement”), which includes the attached Annex, to assist in financing the activities described in the Annex (“Activities”). The objective of the Activities is to facilitate the preparation of a proposed project designed to increase renewable and sustainable electricity supply and regional electricity trade (“Project”).
