Published :
Updated :
For all latest news, follow The Financial Express Google News channel.
A tripartite power trading agreement was signed between Nepal, Bangladesh and India on Thursday.
The Bangladesh Power Development Board (BPDB), Nepal Electricity Authority (NEA), and NTPC Vidyut Vyapar Nigam Limited (NVVN) of India signed the tripartite power sales agreement at a ceremony in a Kathmandu hotel.
Under this agreement, 40 MW of electricity will flow from Nepal to Bangladesh via India for five months from June to November.
Syeda Rizwana Hassan, Adviser for Environment, Forest, Climate Change, and Water Resources, was present at the signing ceremony. Highlighting the importance of the deal in expanding regional energy trade, she said: "This agreement is not just about fulfilling our immediate energy requirements, but also about securing long-term, environmentally friendly energy solutions for our nations."
The ceremony was also attended by Nepal’s Energy, Water Resources, and Irrigation Minister Deepak Khadka, Bangladesh’s Water Resources Secretary Nazmul Ahsan, and Nepal’s Ambassador to Bangladesh Ghanshyam Bhandari.
Earlier in her two-day visit to Nepal, Adviser Syeda Rizwana Hassan met with Nepal’s Prime Minister KP Sharma Oli at Singha Durbar to discuss bilateral matters of mutual interest.