Bangladesh keen to invest in hydropower projects jointly with Nepal

KATHMANDU: Bangladesh has expressed its interest to invest in the hydro-power projects jointly with Nepal to open power import business in near future.

For making the investment, a meeting of the Joint Steering Committee co-led by the energy secretaries of Nepal and Bangladesh and the Joint Working Group co-led by the joint secretaries will be held virtually on September 13-14, Power Division sources said.

“Bangladesh is working on a project to import 500 MW of electricity from Nepal via India. India has executed a MoU with GMR Upper Karnali Hydropower Ltd (GUKHL), said an official.

Earlier, Bangladesh requested Nepal to share its views and comments regarding examining the feasibility for joint participation and development of Sunkoshi-3 (approx. 536MW) and Sunkoshi-2 (approx. 1110 MW) hydro-power project in Nepal.

For importing power Bangladesh has to use Indian corridor that is why both countries may consider tri-party MoU for Joint development hydro power project in Nepal, he added.

Fiscal Nepal |
Tuesday September 14, 2021, 11:25:25 AM |

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