The claim of the Ministry of Energy that the authority will also get the benefit of the international transmission line
Kathmandu. The government has made it clear that the Nepal Electricity Authority will also receive the benefits from the international transmission line to be built between Nepal and India. An agreement has been signed between Nepal and India for the construction of two more 400 kilovolt capacity international transmission lines between Inaruwa-Purnia and Dododhara-Bareli in joint investment.
The decision was taken in the 12th meeting of the Joint Board of Directors JAC and to implement the same decision, the 'Joint Venture' and 'Shareholders Agreement' regarding the establishment of a joint company between Nepal Electricity Authority and Power Grid Corporation of India Limited was recently completed.
According to the same agreement, the joint secretary of the Ministry of Energy, Water Resources and Irrigation Sandeep Kumar Dev informed that the share of Nepal Electricity Authority will be 51 percent respectively in the joint company to be established in Nepal and India for the construction of the Nepali section and the Indian section of these two transmission lines.
Similarly, the authority's share in the transmission line to be built in the Indian section will be 49 percent. Joint Secretary Dev mentioned that the authority has done 'capacity booking' on that transmission line.
So far, the authority has signed an electricity purchase and sale agreement with a capacity of 11,433 megawatts. Among the applications received for the purchase and sale of electricity equal to 12 thousand 646 megawatts, the grid connection agreement of 5 thousand 230 megawatts has been completed.
The ministry has clarified that the power purchase and sale agreement has been completed and the construction of the international transmission line has been prioritized to ensure the market for the electricity produced by the power project for which applications have been submitted for power purchase and sale.
Currently Dhalkewar-Muzaffarpur 400 kilovolt capacity inland electricity transmission line is operating. Similarly, the New Butwal-Gorakhpur kilovolt capacity international electricity transmission line is under construction. The construction of the transmission line will be completed in 2026.
Express
Related News
Foreign currency exchange rate: US dollar exceeded 153 rupees, Kuwaiti dinar almost 500
Kathmandu. Nepal Rastra Bank has determined the official exchange rate of foreign currency for today. According to the information released by the Central Bank, today the buying rate of one US dollar is 153 rupees 01 paisa and the selling ra...
IPO allocation of Bhujung Hydropower, 83 thousand got shares
Kathmandu. Bhujung Hydropower Limited has completed its IPO allotment to the general public. Sales manager Kumari Capital Limited has allotted the IPO today at 9 am on Tuesday. The company issued a total of 830,000 IPO shares to the general public...
The NEPSE index fell by double digits, trading at four billion
Kathmandu. The Nepal Stock Exchange NEPSE index fell by double digits. Today, the NEPSE index decreased by 12.50 points to 2,594.87 points. According to NEPSE, 1 crore 12 lakh 72 thousand 168 shares of 330 companies we...
What is the exchange rate of which foreign currency on Thursday?
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to Rashtra Bank, the buying rate of one US dollar has been fixed at 145 rupees 22 paisa and the selling rate is 145 rupees 82 paisa. Similarly,...
With the decrease in the price of petroleum products, the fare of interprovincial public transport decreased by two percent
Kathmandu. The Department of Transportation Management has reduced the fares of public and cargo vehicles running interprovincially by two percent due to the fall in the price of petroleum products.
After the Nepal Oil Corporation reduced th...
200 billion is being added to large tax payer companies, from hydropower to beverages, expanding investment in Nepal
Kathmandu. Finance Minister Dr. Swarnim Wagle has asked the multinational big taxpayer companies that have invested in Nepal to bring in more investment. In the discussion held at the Ministry on Monday, Finance Minister Wagle asked 20 large multi...



