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India has officially given its approval to a memorandum of understanding (MoU) concerning the purchase of electricity from Nepal. Under this agreement, India has agreed to import 10,000 megawatts (MW) of electricity from Nepal in the next 10 years.
KATHMANDU, Sep 5: India's cabinet has granted approval for the purchase of 10,000 megawatts of electricity from Nepal, marking a major milestone in bilateral cooperation. This agreement on electricity trade had been a priority for Nepal, and it has now received the green light, three months after the initial proposal.
India endorses MoU to purchase 10,000 MW power from Nepal in ten years
The Supreme Court has quashed the writ petition filed by Karnali residents against GMR company and the government, but issued a directive order to the government telling it not to extend financial close time for the 900 megawatt Upper Karnali Hydel project as much delay has already happened.
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