Kathmandu, September 5
The long-term electricity trade agreement, which was originally signed during Prime Minister Pushpa Kamal Dahal’s visit to India, has received approval. This paves the way for the export of up to 10,000 megawatts of electricity to India.
Dinesh Ghimire, Energy Secretary has confirmed that the Council of Ministers of India has given its approval to the long-term electricity trade agreement.
The agreement is now set to be signed at the secretary level of the two countries in Kathmandu in the near future.
Ghimire said that the long-term electricity trade agreement, also known as the long-term power purchase agreement, includes provisions for the export of 10,000 megawatts of electricity over a period of 10 years.
The current agreement will establish a legal framework for exporting 10,000 megawatts of electricity over the course of 10 years.
Ghimire said if there is a need for any adjustments during this period, the authority to make such changes has been granted to the secretaries of the two countries. Furthermore, Ghimire emphasised that the agreement grants the secretaries of both countries the right to determine the target beyond the initial 10-year period.
“In accordance with the situation after the initial 10 years, a decision will be made regarding the export of electricity for up to 25 years. Furthermore, if new circumstances arise during this period, adjustments to the objectives can also be considered,” says Ghimire.
