Nepal and Bangladesh joined hands to jointly invest in several of Nepal\u2019s hydropower projects at the two-day Joint Steering Committee (JSC) meeting on June 21, 2019.<\/p>\n
The two countries\u2019 energy secretaries decided to invest in 20 major hydropower projects including Dhudkoshi, 536 MW Sunkoshi III, 1,110 MW Sunkoshi II and Upper Arun hydropower projects.<\/p>\n
Nepal Energy Secretary Dinesh Kumar Ghimire and Bangladesh Energy Secretary Abu Hena Md Rahamatul Muneem represented the two countries at the meeting.<\/p>\n
The two countries also decided to hold discussions with India to export power from Nepal to Bangladesh using Indian electricity transmission lines through the Siliguri corridor.<\/p>\n
The two nations also decided to collaborate on alternative energy, besides investing in hydropower projects and exporting electricity from Nepal to Bangladesh.<\/p>\n
\u201cWe held discussions on enhancing energy trade and investment between the two countries,\u201d said Ghimire<\/span>, while sharing that the two nations also planned to build a new high-voltage transmission line to Bangladesh through India.<\/p><\/blockquote>\n
The given projects are an important part of Bangladesh\u2019 policy to import 9,000 MW electricity from Nepal by 2040.<\/p>\n
<\/p>\n
The JSC meeting is a follow-up to the meeting that marked the Nepal-Bangladesh agreement on energy cooperation \u2018Cooperation in the Field of Power Sector\u2019<\/em> held in August 2018 in Kathmandu.<\/p>\n
As part of their first meeting, both nations agreed to cooperate on:<\/strong><\/p>\n
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- Cross-border transmission lines<\/li>\n
- Development of efficient human resources in the hydroelectric sector<\/li>\n
- Development of hydroelectricity<\/li>\n
- Grid Connectivity<\/li>\n
- Investment in renewable energy<\/li>\n
- Promotion of Government-to-government and private sector investment and more<\/li>\n<\/ul>\n
The agreement comes at a time when Nepal\u2019s power generation is expected to increase in the next fiscal year with the initiation of 43 projects hydropower projects of 1149 MW installed capacity.<\/p>\n
According to an official who attended the meeting, the estimated annual cumulative output for the proposed projects is 42713.18 GW\/hr, almost 12 times Nepal\u2019s current total output per year.<\/p>\n","protected":false},"excerpt":{"rendered":"
Nepal and Bangladesh joined hands to jointly invest in several of Nepal\u2019s hydropower projects at the…<\/span><\/p>\n