Bangladesh enters Nepal hydropower industry with energy cooperation pact

Kathmandu, August 10

Amidst competitions between India and China to invest in Nepal’s hydropower industry, Bangladesh is officially entering the sector with a memorandum of understanding between the two governments.

Nepal and Bangladesh are signing the MoU on energy cooperation at a special function in Kathmandu on Friday.

Bangladeshi Minister of State for Energy, Nasrul Hamid, is already in Kathmandu to sign the agreement.

Before signing the agreement, minister-led delegations representing the two governments will hold a bilateral meeting. The meeting has been scheduled for 11 am in Kathmandu. Nepal will be represented by Minister for Energy, Water Resources and Irrigation Barsha Man Pun.

For last few years, the governments had engaged in a discussion to establish cooperation in the energy sector.

“Bangladesh is ready to purchase power or make investments or work together in whatever way possible,” Joint Secretary at the Ministry Dinesh Ghimire says, “The memorandum of understanding will include these issues. We are excited about the agreement.”

The two countries will also agree to exchange cooperation in the renewable energy sector and support each other for capacity building of personnel, according to Ghimire.

Bilateral mechanisms will be established at various levels to implement the agreement by holding regular meetings. Currently, Nepal has such mechanisms to talk to India in the energy cooperation sector.

Published on August 10th, Friday, 2018 10:27 AM

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