Get latest articles and stories on World at LatestLY. Kathmandu and New Delhi on Thursday inked a long-term agreement on electricity trade, as part of which Nepal will export 10,000 megawatts of electricity to India over the next ten years. World News | Nepal Inks Long-term Power Deal with India, to Sell 10,000 MW Electricity over 10 Years.
KATHMANDU, Jan 4: Nepal and India have inked a long-term agreement on electricity trade today. Secretaries of both countries signed the document in the presence of Minister for Energy, Water Resources and Irrigation, Shakti Bahadur Basnet.
India, which has a short-term electricity trading deal with Nepal, is investing billions of dollars in infrastructure including hydropower plants, as New Delhi looks to grow its influence among its smaller neighbours, where China is also increasingly active. Indian Prime Minister Narendra Modi and his Nepali counterpart Pushpa Kamal Dahal agreed to the long-term power trade agreement last year which, officials said, would be key to attracting investment in Nepals hydroelectric sector.
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Nepal and India have inked a long-term agreement on electricity today. Secretaries of both countries signed on the document in the presence of Minister for Energy, Water Resources and Irrigation, Shakti Bahadur Basnet.