Renewable Energy

India, Nepal sign power pact
15 Jan 2024

India, Nepal sign power pact, MoU in renewable energy

Nepal on Thursday signed a long-term agreement for the export of 10,000 MW power to India in the next 10 years and an MoU for cooperation in renewable energy while External Affairs Minister S Jaishankar and his Nepal counterpart N P Saud jointly inaugurated 3 cross-border transmission lines. Jaishankar is on a two-day visit to the Himalayan nation.

India’s Energy Secretary Pankaj Agrawal and his Nepal counterpart Gopal Sigdel signed the bilateral agreement.

The power export agreement was signed during the 7th meeting of the Nepal-India Joint Commission. On Thursday, an MoU for cooperation in renewable energy was also signed by the Nepal Electricity Authority and National Thermal Power Corporation Limited, India.

“Discussions focused on our overall bilateral ties, trade and economic relations, land, rail and air connectivity projects, cooperation in defence and security, agriculture, energy, power, water resources, disaster management, tourism, civil aviation, people to people and cultural exchange and development partnership,” Jaishankar said on X.

Nepal PM Pushpa Kamal Dahal Prachanda called the agreement a major breakthrough in Nepal’s power sector. Nepal’s Foreign Ministry said on X: “Various aspects of Nepal-India relations were discussed on the occasion…”

Jaishankar and Saud virtually inaugurated 3 cross-border transmission lines completed with India’s help–132 kV Raxaul-Parwanipur, 132 kV Kushaha-Kataiya and New Nautanwa-Mainahiya lines, officials said.


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