A joint company will be established under Nepal Electricity Authority and Power Grid Corporation of India. This cooperation will help the sustainable development of both countries.
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A memorandum of understanding has been signed between Nepal and India to establish a joint company for the construction of 400 KV Dododhara (Lamki)-Bareli and Inruwa-New Purnea international transmission lines.
The MoU was signed in Kathmandu on Tuesday in the joint presence of Nepal's Energy, Water Resources and Irrigation Minister Deepak Khadka and India's Electricity, Housing and Urban Affairs Minister Manohar Lal Khattar.
The MoU was signed by director Kamal Acharya on behalf of Nepal Electricity Authority and Yatindra Dwivedi, director of Power Grid on behalf of India.
With the signing of the memorandum of understanding, a joint company will be established under the Power Grid Corporation of India and the Electricity Authority of Nepal. In the
program, India's Energy Minister Khattar said that cooperation in the energy sector will help the sustainable development of both countries.
Khattar said that significant progress is being made in joint production, cross-border infrastructure and electricity trade. Khattar said that India is buying 1000 megawatts of electricity from Nepal and Bangladesh is also getting electricity through India.
He expressed his belief that the new project will further strengthen bilateral energy security with the commencement of Gorakhpur-Butwal transmission line construction.
He informed that he visited the Arun-3 hydropower project on Tuesday and discussed the problems related to the project. He was optimistic that the Nepal government would solve the problems of the Arun-3 hydroelectric project in a timely manner.
Energy Minister Deepak Khadka explained the Nepal-India energy cooperation as a 'symbol of shared prosperity' and asserted that Inaruwa-New Purnia and Dododhara-Bareli transmission lines are not just structures but mutual trust and a common journey towards sustainable development .
Energy Minister Khadka expressed gratitude for India's continued support in large hydropower projects like Arun-3, Lower Arun, Arun-4, Phukot Karnali, Upper Karnali, Seti River-6, and West Seti .
Energy Secretary Suresh Acharya said that international investment in the energy sector is important for the development of the two countries. He said that the investment in the energy sector will also work for energy security in the two countries.
The 12th meeting of the Nepal-India secretary-level joint directorate committee held on January 9 agreed to start the joint company establishment work within a month to build the 400 kV Inruwa-New Purnia and Dododhara (Lamki)-Bareli transmission lines. It was agreed to do it in a joint venture modality with 51 percent of Nepal Electricity Authority and 49 percent of India's power grid to build the transmission line towards Nepal and 51 percent of the power grid and 49 percent of Nepal Electricity Authority to build the transmission line towards India.
The 400 KV Dododhara-Bareli transmission line will have a distance of 150 km towards India and about 35 km towards Nepal. Inaruwa-New Purnia will have a distance of 25 km towards Nepal and 100 km towards India. With the investment modality decided, the construction will be started with the target of completion of Inruwa-New Purnia in 2028/29 and Dodhara-Bareli in 2029/30.
