Nepal to Export 1,000 MW Electricity to India: EAM Jaishankar

21 Aug 2024 CW Team

Nepal is set to export 1,000 megawatts (MW) of electricity to India, marking a significant step forward in energy cooperation between the two neighbouring countries. The announcement was made by External Affairs Minister S. Jaishankar, highlighting the growing energy ties that are poised to benefit both nations.

This move comes as part of a broader strategy to enhance regional energy security and foster economic ties between India and Nepal. The electricity export, primarily generated from Nepal?s hydropower projects, is expected to play a crucial role in meeting India?s growing energy demands while also providing a steady revenue stream for Nepal.

Minister Jaishankar emphasised the importance of this collaboration, noting that it aligns with India?s efforts to strengthen regional partnerships and promote sustainable energy practices. The agreement also underscores the mutual benefits of cross-border energy trade, which can help address energy shortages and support economic growth in both countries.

Nepal?s decision to export electricity to India is seen as a milestone in the bilateral relationship, reflecting the deepening cooperation in the energy sector. It also aligns with Nepal?s ambitions to become a significant energy exporter in South Asia, leveraging its abundant hydropower resources.

The export of 1,000 MW is expected to be the beginning of a more extensive energy exchange between the two countries, with potential for increased capacity in the future. Both India and Nepal are committed to ensuring the success of this initiative, which is poised to enhance energy security and economic connectivity in the region.

This development is a testament to the robust partnership between India and Nepal and their shared vision for a more integrated and sustainable energy future.

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