Nikkei stated that after the decision of the joint board of directors meeting between Nepal and India, confidence in electronic infrastructure, investment, and economic integration in both countries has increased.
We use Google Cloud Translation Services. Google requires we provide the following disclaimer relating to use of this service:
This service may contain translations powered by Google. Google disclaims all warranties related to the translations, expressed or implied, including any warranties of accuracy, reliability, and any implied warranties of merchantability, fitness for a particular purpose, and noninfringement.
The Nepal-India Chamber of Commerce and Industry (Nikki) has welcomed the decision to expand the cross-border electricity transmission capacity between Nepal and India. The 13th meeting of the Nepal-India Joint Steering Committee (JSC) on Energy Sector held in Pokhara had decided to increase the electricity export and import capacity from Nepal to India.
The meeting agreed to increase the electricity export capacity from Nepal to India from 1100 MW to 1650 MW and the import capacity from 1000 MW to 1400 MW through the Dhalkebar-Muzaffarpur and Dhalkebar-Sitamarhi 400 kV transmission lines. This will pave the way for an additional 550 MW of electricity export, the association said.
The association said that the progress of cross-border transmission projects including Inaruwa-Purnia, Dodhodhara-Bareilly, Motihari-Nijgadh, Chameliya-Jaulbibi and New Butwal-Gorakhpur is a result of the trust and understanding developed in Nepal-India energy cooperation. The association believes that such infrastructure will further strengthen regional energy security, cross-border electricity trade and economic integration.
The association has also welcomed the implementation of the transmission project being taken forward in collaboration between the Nepal Electricity Authority (NEA) and India's Power Grid Corporation of India Limited (PGCIL). The association believes that such institutional partnership will make energy cooperation between the two countries more effective.
The association has pointed out the need to further expand cooperation between the government, public institutions and the private sector. It has stated that government-government, government-private sector and private sector-private sector partnerships will accelerate investment, technology transfer and long-term cooperation in energy generation, transmission infrastructure and cross-border electricity trade.
The association believes that the energy partnership between the two countries will be further strengthened due to Nepal's hydropower potential and India's growing demand for clean energy. In addition, the association has emphasized the need to expand the use of electricity in the country's industrialization, energy-based industries, data centers, information technology services, electric vehicles, railways, green hydrogen and other sectors along with hydropower generation.
The association has urged Indian public and private sector companies, institutional investors and energy developers to expand investment in Nepal's hydropower, transmission infrastructure and energy-based industries. The association believes that an investment-friendly and stable policy environment will further attract Indian investment and help significantly increase electricity exports to India in the coming decade.
Nikkei has also pledged its continued support for facilitating the necessary steps to increase the active participation of the private sector to strengthen Nepal-India economic and energy cooperation.
