Common use of Summary of Project and Activities Clause in Contracts

Summary of Project and Activities. The objective of the Electricity Transmission Project (the “Electricity Transmission Project”) is to increase domestic electricity supply for consumption by improving the availability and reliability of electricity in Nepal’s electricity grid. To achieve the Electricity Transmission Project Objective, MCC Funding will support the following expenditures as further detailed in this section: (i) construction of transmission lines to expand the high voltage transmission backbone inside Nepal and the Nepal side of a second cross-border transmission line with India;