Nepal, Bangladesh agree to make joint investment in Nepal’s hydropower

Kathmandu / June 22: Nepal and Bangladesh were agreed to jointly invest in the feasible hydropower project in Nepal.

A meeting of the Energy secretaries from the two countries on Friday decided to make a joint investment in the projects as stated in the whitepaper issued after the last meeting.

The Energy Ministry had included the projects ensuring at least one in each State.

Energy Secretary, Dinesh Kumar Ghimire, informed that the recent meeting agreed for the joint investment on hydropower, collaboration, and cooperation on alternative energy and electricity export to Bangladesh.

Bangladesh has formulated a policy to import 9,000 MW electricity from Nepal by 2040. For this, construction of transmission line, selection of projects and cooperation on alternative energy are in focus.

At a press meet organized after the meeting, Chairman of Independent Electricity Producers’ Association Nepal (IEPAN), Shailendra Guragain, informed that Bangladesh was ready for the joint investment on hydropower production in Nepal. RSS