Nepal, India and Bangladesh signed a tripartite agreement to facilitate cross-border electricity trade.
Nepal will export its surplus electricity to Bangladesh via India from June 15 to November 15 every year.
In the first phase, Nepal will export 40 MW of hydroelectricity to Bangladesh via Indian Territory.
India will make arrangements to supply the electricity from Nepal to Bangladesh.
The rate per unit of electricity has been fixed at 6.4 cents. Nepal will earn around $ 9.2 million by supplying electricity.
An MoU was signed between NEA Executive Director Kulman Ghising, NTPC Vidyut Byapar Nigam CEO Deino Naran, and Bangladesh Power Development Board Chairman Mohamad Rizwan Karim, Nepal’s Ministry of Energy officials in Kathmandu.
Nepal’s Energy Minister Dipak Khadka and his Bangladeshi counterpart Sayeda Rijwana Hasan were also present.
