Nepal to export 1,000 MW electricity to India, says Jaishankar
This story was originally published at 19:36 IST on 19 August 2024
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NEW DELHI – Nepal will export close to 1,000 MW electricity to India, External Affairs Minister S. Jaishankar said after holding talks with Nepal Foreign Minister Arzu Rana Deuba here. The external affairs minister called the development "a new milestone".
Jaishankar said the two sides discussed multifaceted cooperation, including in energy, trade, connectivity and infrastructure development. “Glad to note that Nepal will be exporting close to 1000 MW of electricity to India, a new milestone,” he later said in a post on microblogging site X.
He further said, “Our Neighbourhood First policy and unique people-to-people & cultural connect propels our relationship forward.”
Deuba arrived in New Delhi on Sunday on a five-day official visit to India. This is her first official trip abroad after assuming charge as foreign minister.
Following the meeting with Jaishankar, Deuba expressed confidence that her trip will strengthen the centuries-old bond between Nepal and India. “We discussed bilateral interests, various aspects of Nepal-India relations, and the exchange of mutual cooperation,” she said.
In January, the two countries had signed a power trade agreement for Nepal to export 10,000 MW of hydroelectricity to India over the next 10 years, media reports stated.
Nepal shares a border of over 1,850 km with five Indian states--Sikkim, West Bengal, Bihar, Uttar Pradesh, and Uttarakhand. Land-locked Nepal relies on India for the transportation of goods and services. According to the external affairs ministry, in 2022-23 (Apr-Mar), India accounted for 64.1% of Nepal's total trade, comprising about $8.85 bln. This included $8.015 bln of exports from India to Nepal and $839.62 mln of exports from Nepal to India. End
Reported by Kuldeep Singh
Edited by Rajeev Pai
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