Nepal, India sign long-term power agreement
Kathmandu: Nepal on Thursday signed a long-term agreement that will facilitate the export of 10,000 MW of electricity to India in the next 10 years during the two-day visit of External Affairs Minister S Jaishankar to the Himalayan nation.
The agreement on power export was inked in the presence of Jaishankar and Nepalese Minister for Energy, Water Resources, and Irrigation Shakti Bahadur Basnet during a bilateral meeting here.
Nepal’s Energy Secretary Gopal Sigdel and his Indian counterpart Pankaj Agrawal inked the bilateral agreement that will facilitate the export of 10,000 MW of electricity from Nepal to India in the next 10 years.
The bilateral understanding on electricity export was reached during Prime Minister Pushpa Kamal Dahal’s visit to India from 31 May to 3 June 2023.
During the visit, Indian Prime Minister Narendra Modi expressed India’s commitment to long-term electricity purchase from Nepal, and both nations reached a consensus on this matter.
The Federal Council of Ministers of India has already endorsed the Memorandum of Understanding (MoU) in this regard. The agreement was signed during the two-day visit of India’s External Affairs Minister Dr Subrahmanyam Jaishankar, which commenced today.
