Nepal, India sign long-term energy agreement (video)

KATHMANDU: Nepal and India have reached a long-term energy trade agreement.

Prime Minister Dahal and his Indian counterpart, Narendra Modi, held a bilateral meeting on Thursday in the Nilgiri room at the Indian Prime Minister’s State Guest House. Delegation teams from both countries were present during the meeting.

After the bilateral meeting, PM Dahal and his Indian counterpart Narendra Modi held a joint press conference at Hyderabad House, where they revealed the signing of multiple agreements and MoUs.

Indian Prime Minister Narendra Modi during the joint press conference informed that as part of the long-term energy trade agreement, India aims to purchase 10,000 megawatts of electricity from Nepal within the next 10 years.

Modi said, “We have set a goal to import 10,000 megawatts of electricity from Nepal in the coming 10 years. The agreement on the Khurkot-Karnali and Lower Arun Hydropower Projects will further strengthen our energy cooperation.”

PM Modi also emphasized the strengthening of Nepal-India relations during his tenure.

He announced the expansion of the Nepal-India petroleum pipeline up to Chitwan and expressed plans to construct another pipeline from Siliguri to Jhapa.

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