Historic Tripartite Pact: Nepal, India & Bangladesh Unite for Power Trade

A tripartite agreement among Nepal, India, and Bangladesh was signed to facilitate cross-border electricity trade. Nepal will export 40 MW of hydroelectricity to Bangladesh via India from June to November annually, earning around USD 9.2 million. This deal was signed in Kathmandu with key officials present.

Nepal, India, and Bangladesh have inked a landmark agreement aimed at boosting regional cooperation through cross-border electricity trade, officials announced Thursday.

According to the deal, starting from June 15, Nepal will annually export surplus electricity to Bangladesh using Indian infrastructure until November 15. Initially, 40 MW of hydroelectricity will be transferred to Bangladesh, marking a significant step in regional energy cooperation.

The agreed rate is 6.4 cents per unit, enabling Nepal to earn an annual revenue of approximately USD 9.2 million. The signing event in Kathmandu included prominent figures like NEA Executive Director Kulman Ghising and representatives from NTPC Vidyut Byapar Nigam and Bangladesh Power Development Board.