Core Points - The United States and Nepal announced an additional $50 million grant for the Millennium Challenge Corporation (MCC) Nepal project, raising the total project amount to $747 million, making it the largest single international grant in Nepal's infrastructure sector [1] - The U.S. contribution will increase to $550 million, while the Nepalese government will maintain its contribution at $197 million [1] - The additional funding will focus on three core projects: the construction of a 315-kilometer 400 kV transmission backbone and key substations, strengthening Nepal's domestic grid system to enhance power supply reliability, and expanding cross-border electricity trade to facilitate Nepal's export of surplus hydropower to India and Bangladesh [1] Industry Impact - The U.S. Embassy in Nepal stated that this initiative reflects the U.S. long-term commitment to Nepal's economic transformation [1] - MCC officials noted that the additional funding will effectively address rising construction costs and ensure the timely advancement of this flagship energy project while introducing advanced U.S. technologies and expertise in energy infrastructure [1] - The Nepalese government welcomed the funding decision, believing it will accelerate the country's goal of becoming a regional power exporter [1]