India to Increase Electricity Export to Nepal

Nepal Prime Minister Pushpa Kamal Dahal "Prachanda" stated on August 18 that his government intends to increase electricity exports to neighbouring India from 450 MW to 10,000 MW over the next ten years, and the two countries have already signed a preliminary bilateral agreement to that effect. Speaking at the 38th anniversary of the Nepal Electricity Authority here, Prachanda stated that Nepal is transforming in the hydropower sector and will continue to create a conducive environment for attracting foreign investment.

"Our country is preparing and waiting with bated breath for larger economic transformation through rapid development of hydro-electricity and maximum internal consumption in the coming decade," he said.

"Though Nepal is currently exporting around 450 MW of electricity to India we are aimed at taking the power export to 10,000 MW in the next ten years period for which Nepal and India have already signed a preliminary bilateral agreement," Prachanda said.

"The understanding we had during my meeting with Prime Minister Narendra Modi in India as a milestone towards achieving long-term power trade to have access to the international market for our surplus electricity," he pointed out.