Kathmandu, October 3, 2024 – In a historic move to enhance regional cooperation in energy trade, Nepal, India, and Bangladesh signed a trilateral Power Sale Agreement today in Kathmandu. The agreement facilitates the export of 40 MW of electricity from Nepal to Bangladesh through the Indian power grid, marking a significant step forward in fostering cross-border energy connectivity in South Asia.
The agreement was signed between representatives of NVVN (NTPC Vidyut Vyapar Nigam Limited) from India, the Nepal Electricity Authority (NEA), and the Bangladesh Power Development Board (BPDB). This collaboration not only strengthens regional ties but also demonstrates India’s commitment to deepening cross-border connectivity in the region.
Under the agreement, power generated in Nepal will be transmitted to Bangladesh via India’s grid infrastructure, setting a new precedent for regional energy trade. This initiative is expected to bolster economic cooperation among the three nations, improve energy security, and contribute to sustainable development in South Asia.
The landmark agreement reflects the dedication of the governments of Nepal, India, and Bangladesh to work together on innovative solutions for regional challenges, particularly in the energy sector. It also showcases India’s leadership in promoting regional connectivity through energy collaboration.
This trilateral agreement is poised to unlock further opportunities for regional energy trade, with the potential to scale up power exports from Nepal in the future. The project will be overseen by NVVN, a subsidiary of NTPC Limited, Nepal Electricity Authority, and the Ministry of External Affairs, Government of India, in coordination with their Bangladeshi counterparts.
This breakthrough highlights the growing importance of regional partnerships in South Asia and the role of power trade in fostering economic stability, development, and cooperation.
