India renews medium-term electricity trade agreement; allows export of 554 MW electricity to Nepal
KATHMANDU, March 28 -- After a long dilly-dallying, India finally renewed the electricity trade agreement with Nepal for the next three months, putting forth its conditions on electricity exports to Nepal.
Nepal and India entered into the medium-term agreement on cross-border electricity trade in 2022, which is aimed for simplifying the issues related to power trade. The five-year bilateral agreement which is supposed to get renewed every year is terminating in the next one week. Although the Nepali side sent a letter to the Indian authorities requesting for the renewal of the agreement a few months ago, India had been delaying the process, citing various pretexts.
According to Nepal Electricity Authority (NEA), India has finally approv...
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