Kathmandu, Oct. 1 -- The Asian Development Bank has signed two agreements with the Nepal Electricity Authority to support private-sector investment in power transmission and battery energy storage projects through public-private partnerships.

The agreements, signed on Thursday by ADB Country Director for Nepal Arnaud Cauchois and NEA Managing Director Dirghayu Kumar Shrestha, are ADB's first transaction advisory services agreements for such projects in Nepal. The projects are expected to mobilise more than $200 million in private investment.

Under the agreements, the ADB will help the NEA with feasibility studies, project agreements, procurement and tendering, as well as capacity building.

The first project involves the design, financi...