India, Nepal Seal JV Deals To Build Cross-Border Power Corridors

27 Nov 2025 CW Team

Power Grid Corporation of India and the Nepal Electricity Authority have finalised a series of joint venture agreements to build and operate cross-border transmission links aimed at strengthening electricity trade between the two countries. The move marks a major step towards establishing dedicated high-voltage corridors that can reliably handle rising demand and seasonal fluctuations on both sides of the border.

Under the agreements, the two organisations will set up joint venture companies to plan, construct and maintain key transmission projects. These lines will support the long-term power-trade framework endorsed by both governments, including the export of surplus hydropower from Nepal to India during the monsoon and imports from India during the dry winter months. The cooperation dovetails with the plan to scale bilateral electricity trade to ten gigawatts within the next decade.

The joint ventures will also oversee development of new substations, system-strengthening measures and grid-integration assets to enhance the stability of cross-border power flows. The agreements follow India’s recent approval of higher import volumes of clean energy from Nepal and expanded transmission permissions across multiple existing corridors.

Both sides have stressed that dependable transmission connectivity is essential for unlocking Nepal’s hydropower potential and supporting India’s clean-energy transition. The JV structure enables Power Grid to provide technical expertise and project-execution capacity, while the Nepal Electricity Authority contributes local knowledge and site access.

With the agreements now formalised, work is set to accelerate on priority corridors identified during recent bilateral discussions aimed at deepening regional energy cooperation.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..