Nepal, Bangladesh agree for joint investment in hydropower

KATHMANDU: Nepal and Bangladesh have agreed to jointly invest in the feasible hydropower project.

The joint meeting of Energy Secretaries from the two countries on Friday decided to make a joint investment in the projects included in the whitepaper issued by the previous meeting a year back.

The Energy Ministry had included the projects ensuring at least one in each State. Energy Secretary, Dinesh Kumar Ghimire, informed that the recent meeting agreed for the joint investment on hydropower, collaboration and cooperation on alternative energy and electricity export to Bangladesh.

Bangladesh has formulated a policy to import 9,000 MW electricity from Nepal by 2040. For this, construction of transmission line, selection of projects and cooperation on alternative energy are in focus.

At a press meet organized after the meeting, Chairman of Independent Electricity Producers’ Association Nepal (IEPAN), Shailendra Guragain, informed that Bangladesh was ready for the joint investment on hydropower production in Nepal.