KATHMANDU: Maoist Center Chair Pushpa Kamal Dahal ‘Prachanda’ has called Nepal’s trilateral electricity trade agreement with India and Bangladesh a significant achievement in the country’s economic and energy sector. During a meeting with officials from the Independent Power Producers Association of Nepal (IPPAN), he underscored the importance of this agreement, which he had signed while serving as Prime Minister during his official visit to India.
According to Dahal, "More prosperity would come to Nepal with hydropower generation and cross-border electricity trade," thus he referred to the deal as an important leap in the economic development of the country. He stressed that he viewed the agreement as an important turning point for Nepal's future and that it was the outcome of a lot of effort.
He said that the deal commits Nepal to providing 10,000 megawatts of electricity to India over the next decade and permits Nepal to export electricity to Bangladesh via India. He also highlighted Nepal's larger goal for regional energy commerce by stating that talks are still going on about exporting electricity to China.
Dahal stated that maximizing the potential offered by these agreements requires boosting hydropower production. Nepal would find it difficult to fulfill its obligations to its neighbors unless there is a significant increase in electricity output.
He asked all parties involved to concentrate on effectively carrying out the agreement so that Nepal's electricity supply may reach Bangladesh via India as scheduled. He also reaffirmed Nepal's commitment to transport 10,000 megawatts of electricity to India in the next decade.
Dahal stated that in addition to India and Bangladesh, it is necessary to investigate electricity trade with China, noting that regional collaboration in the energy industry may assist Nepal's economy in the long run.
The new trilateral agreement heralds the opening of a new chapter in Nepal's energy diplomacy and foresees additional avenues for cooperation with other neighboring nations. The place of Nepal within the regional electrical market is set to increase, and economic ties with Bangladesh, India, and, perhaps, China are set to be fortified.
However, Dahal acknowledged that significant government support, infrastructure development, and strategic investments are necessary for the deal to be implemented successfully. Nepal must have dependable power generation and transmission capabilities if it is to play a significant role in the regional electricity trade.
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