India and Nepal Forge Historic Pact for 10,000 MW Electricity Export
NEW DELHI ( DT) -Nepal and India signed a power trade agreement on Thursday for Kathmandu to export 10,000 megawatts (MW) of hydroelectricity to India over the next 10 years, officials said, in a deal they hope will draw investment to the cash-strapped Himalayan nation.
Nepal’s rivers, cascading from the Himalayas, have the potential to generate about 42,000 MW of electricity, but due to the lack of technical know-how and funds the country, wedged between China and India, produces less than 3,000 MW now.
In a landmark development, India and Nepal have entered into a pivotal agreement, solidifying their commitment to the export of 10,000 MW of electricity. The accord, signed by representatives of both nations in a ceremony held today, marks a significant stride towards fostering regional energy cooperation and addressing the growing demand for sustainable power sources.
The agreement, a testament to the enduring diplomatic ties between India and Nepal, aims to strengthen energy security in the region while promoting economic growth and sustainability. Under the terms of the pact, the seamless exchange of electricity is poised to benefit both nations, addressing energy deficits and ensuring a reliable and consistent power supply.
Leaders from both sides expressed optimism about the transformative impact this collaboration could have on the socio-economic landscape. The partnership is expected to open new avenues for cooperation in the energy sector, fostering a robust foundation for shared progress.
The signing ceremony was attended by key officials, dignitaries, and representatives from the energy sector, reflecting the shared commitment to advancing regional energy cooperation. As the pact comes into effect, it is anticipated to set a precedent for collaborative efforts in the broader South Asian region, paving the way for sustainable and mutually beneficial energy partnerships.
Stay tuned for further developments on this groundbreaking initiative that holds the promise of shaping the energy landscape in the Indian subcontinent.
“Clarity Eludes: Nepal’s Silence on Disputed Issues in Recent Meetings Raises Questions”
There is currently no clear indication as to whether Nepal has brought up any of the disputed issues, including the boundary disagreement concerning Kalapani, Lipulekh, and Limpiyadhura, as well as the potential revision of the 1950 peace and friendship treaty based on the recommendations of the Eminent Persons Group, during any of the recent meetings.