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Bangladesh has signed a memorandum of understanding (MoU) with Nepal to increase cooperation in the power sector and speed up the process of importing hydro-electricity from Nepal.
Apart from importing hydro-electricity from Nepal through India, the MoU includes investments by Bangladesh in Nepal’s power sector.
Nasrul Hamid, state minister for power, energy and mineral resources of Bangladesh, and Barsha Man Pun Ananta, Nepal’ minister for energy, water resources and irrigation, signed the MoU in Kathmandu on Friday afternoon.
Hamid thanked the Nepal government for the MoU saying: “It was signed after a long wait.”
The state minister focused on the friendly relations between the two countries and said both should increase cooperation for development in power and communications sectors.
According to Bangladesh’s master-plan, a part of the goal to supply 40,000MW power by 2030 will come from imported power, reports bdnews24.com.