Nepal, India and Bangladesh are set to officially sign a trilateral deal on the export of electricity from Nepal, the Ministry of Energy has said.
According to a source at the Ministry, the tripartite signing will take place on July 28 in Dhaka, the capital city of Bangladesh, in the presence of energy ministers from the three countries.
Nabin Singh, the spokesperson at the Energy Ministry, said that the electricity trade agreement between Nepal and Bangladesh will be signed in the presence of energy ministers of the three countries.
“The power trade deal will be signed in the presence of energy ministers of Nepal, Bangladesh and India --Deepak Khadka (Nepal), Manohar Lal (India) and Nasrul Hamid (Minister of State for Energy, Bangladesh) -- on July 28,” said Singh, “A secretary-level meeting between Bangladesh and Nepal is also taking place in Pokhara on July 29-30.”
Bangladesh has already agreed to procure electricity generated by Nepal. The tripartite agreement is being inked since Bangladesh will import the electricity from Nepal through the transmission line that goes via the land of India.
With the agreement, Nepal will export 40 megawatts (MW) of electricity to Bangladesh from June 15 to November 15 each year.
According to the deal, Bangladesh will receive electricity shipments of 28,800 megawatt-hours each month, totaling 144,000 megawatt-hours every five months in a year.
The electricity trade between Nepal and Bangladesh is set to be transacted in US dollars. Under the agreement, Nepal will export electricity worth a total of US $ 9.216 million (approximately 1.23 billion rupees) over a five-month period.
The sale price is fixed at 6.4 US cents per unit of electricity.
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