Kathmandu, Oct. 29 -- Nepal and India on Wednesday signed a joint venture and shareholder agreement to construct two 400 kV cross-border transmission lines aimed at expanding electricity trade between the two countries.

The proposed projects include the Inaruwa (Nepal)-New Purnea (India) 400 kV double-circuit transmission line and the Lamki (Dodhara, Nepal)-Bareilly (India) 400 kV double-circuit transmission line. Officials said the projects are expected to significantly strengthen bilateral power sector cooperation and regional grid connectivity.

Once completed, these new transmission corridors will enhance electricity exchange, improve grid stability, and contribute to sustainable economic growth in both countries.

The agreement was ...