India and Nepal are developing a strong energy alliance that benefits both countries. Positive gains in cross-border energy cooperation were noted during a recent meeting between India’s ambassador to Nepal, Naveen Srivastava, and Nepal’s energy minister, Deepak Khadka.
Strong Ties, Shared Benefits
Minister Khadka highlighted the strong relationship between Nepal and India. He thanked India for providing electricity during Nepal’s dry season, which helped meet the demand. During the rainy season, Nepal exports surplus hydropower to India, showcasing the growing partnership between the two countries.
Landmark 10,000 MW Deal
Nepal has secured a landmark agreement with India for the export of 10,000 megawatts of electricity over the next decade. Minister Khadka pledged that the Ministry will take strategic policy initiatives to ensure the successful implementation of this historic deal.
Expanding the Horizon: Tripartite Agreement with Bangladesh
Nepal is set to become a regional energy hub. On July 28, 2024, a tripartite agreement will be signed to allow Nepal to export electricity to Bangladesh for the first time, using India’s transmission lines. This highlights the potential for greater regional energy cooperation.
India Reaffirms Commitment to Increased Cooperation
Ambassador Srivastava reaffirmed India’s commitment to strengthening mutual cooperation in the energy sector. His focus areas included continued support for electricity trade, the development of additional transmission lines, and the exploration of green hydrogen production – a clean energy source with immense potential.
Nepal: A Rising Star in the Energy Sector
Nepal is becoming a key player in the South Asian energy market. With its abundant hydropower resources and focus on regional cooperation, Nepal is set to ensure a sustainable energy future for itself and its neighbors.
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