Nepal, India, and Bangladesh on Thursday have signed a tripartite agreement to facilitate cross-border electricity trade.
The agreement allows Nepal to export its surplus electricity to Bangladesh via Indian territory from June 15 to November 15 annually.
Under the initial phase of this agreement, Nepal will supply 40 MW of hydroelectric power to Bangladesh, with a fixed rate of 6.4 cents per unit.
This arrangement is expected to generate approximately USD 9.2 million annually for Nepal, as stated by officials from the Nepal Electricity Authority (NEA).
The Memorandum of Understanding (MoU) was signed in Kathmandu by NEA Executive Director Kulman Ghising, NTPC Vidyut Byapar Nigam CEO Deino Naran, and Bangladesh Power Development Board Chairman Mohamad Rizwan Karim, with Nepal's Energy Minister Dipak Khadka and his Bangladeshi counterpart Sayeda Rijwana Hasan in attendance.
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