India-Nepal recently entered into a long-term agreement to export 10,000 MW of power from Nepal to India. The two nations also signed a MoU in renewable energy.

Jan 05, 2024

India recently signed a long-term agreement for the export of 10,000 MW of power from Nepal to India in the next 10 years. The bilateral agreement was signed by Mr. Pankaj Agrawal, India’s Energy Secretary and his Nepal counterpart Mr. Gopal Sigdel during the 7th meeting of the Nepal-India Joint Commission. The two nations also signed a Memorandum of Understanding for cooperation in renewable energy. The MoU was signed by the Nepal Electricity Authority and National Thermal Power Corporation Limited, India. Additionally, Mr. S. Jaishankar, Foreign Minister of India and Mr. N.P Saud, Foreign Minister of Nepal, virtually inaugurated 3 cross-border transmission lines constructed with India’s help–132 kV Raxaul-Parwanipur, 132 kV Kushaha-Kataiya and New Nautanwa-Mainahiya lines.

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Mr. S. Jaishankar, Foreign Minister of India said on X, “Discussions focused on our overall bilateral ties, trade and economic relations, land, rail and air connectivity projects, cooperation in defence and security, agriculture, energy, power, water resources, disaster management, tourism, civil aviation, people to people and cultural exchange and development partnership.”