India’s Tripartite Agreement
- 07 Oct 2024
In News:
Nepal, India, and Bangladesh have signed a tripartite agreement to facilitate cross-border electricity trade, enabling Nepal to export surplus electricity to Bangladesh via India.
Key Details of the Agreement
- Export Period: The agreement allows for electricity exports from June 15 to November 15 each year.
- Initial Export Volume: In the first phase, Nepal will export 40 MW of hydroelectricity to Bangladesh through Indian territory.
- Electricity Rate: The fixed rate per unit of electricity is set at 6.4 cents.
- Projected Revenue: Nepal is expected to earn approximately $9.2 million annually from this trade.
This agreement aims to enhance regional cooperation in energy trade and support sustainable development in the participating countries.