Nepal and India reached a substantial long-term agreement on Thursday for the export of 10,000 MW of power from Nepal to India over the next ten years.
The agreement was signed during the 7th meeting of the Nepal-India Joint Commission by India's Energy Secretary Pankaj Agrawal and his Nepalese counterpart Gopal Sigdel.
During India's External Affairs Minister S Jaishankar's two-day visit to Nepal, the Nepal Electricity Authority and India's National Thermal Power Corporation Limited signed a Memorandum of Understanding (MoU) for renewable energy collaboration.
In addition to these agreements, Jaishankar and Nepal's Foreign Minister N P Saud jointly inaugurated three cross-border transmission lines. These transmission lines, 132 kV Raxaul-Parwanipur, 132 kV Kushaha-Kataiya, and New Nautanwa-Mainahiya, were completed with India's assistance. The virtual inauguration was held as part of efforts to strengthen bilateral cooperation in the energy industry.
Agricultural, energy, power, water resources, disaster management, tourism, civil aviation, people-to-people and cultural exchanges, development partnerships, and connectivity projects (land, rail, and air) were among the many topics discussed during Jaishankar's visit that spanned the many facets of Nepal and India's bilateral relationship.
Nepal's Prime Minister Pushpa Kamal Dahal Prachanda welcomed the power export agreement as a big breakthrough for Nepal's power sector. The Nepal Foreign Ministry noted that the discussions during the visit covered many elements of the Nepal-India relationship, highlighting the importance of the accords in improving relationships between the two nations.