Kathmandu: Kathmandu and New Delhi on Thursday inked a long-term agreement on electricity trade, as part of which Nepal will export 10,000 megawatts of electricity to India over the next ten years.
The agreement was signed in the presence of Nepal's Minister for Energy, Water Resources and Irrigation, Shakti Bahadur Basnet.
Secretary at the Ministry of Energy, Water Resources and Irrigation, Nepal, Gopal Sigdel and India's Energy Secretary Pankaj Agrawal signed the agreement on behalf of the two countries.
The bilateral understanding on electricity exports was reached during the Napalese Prime Minister Pushpa Kamal Dahal's visit to India from May 31 to June 3, last year.
During the visit, Prime Minister Narendra Modi expressed India's commitment to long-term electricity purchase from Nepal and both nations reached a consensus in this regard. (with ANI inputs)
