Kathmandu, 1 December: The ministry of energy has stated that Nepal and India will jointly prepare a master plan for the construction of cross border transmission lines for the export and import of electricity between the two countries. Keshav Dhoj Adhikari, joint secretary at the ministry of energy, informed about the efforts to formulate such a master plan during the meeting of the parliamentary committee on water resources on December 1. "There is an agreement to prepare a master plan for the construction of export-oriented hydropower projects," he said, "There is a joint team to work on the plan."
The agreement was reached during the meeting of the joint working group and joint steering committee held in New Delhi in November. Adhikari made such a statement after the lawmakers pointed out to the need of cooperation between the ministry of energy and the Investment Board Nepal on the construction of the West Seti hydropower project. "In the master plan we will also incorporate the West Seti project," Adhikari said.
Kathmandu, November 30: The Agriculture and Water Resources Committee of legislature-parliament on Sunday directed the Investment Board Nepal (IBN) to update the progress in implementation of Arun III and Upper Karnali hydropower projects every two months.
Talking to Republica, Gagan Thapa, chairperson of the committee, said directions of the parliamentary committee will help IBN do the needful for timely completion of the mega projects.
As per the Project Development Agreements (PDAs), GMR, the developer of Upper Karnali, and Satluj Jal Vidyut Nigam Limited (SJVNL), the developer of Arun III, most complete financial closure within two years to start construction of the export-oriented projects.
Kathmandu, Nov 27: SAARC foreign ministers on Thursday signed the SAARC Framework Agreement on Energy Cooperation (Electricity) which paves the way for trade of energy at the regional level like other commodities. This is the only agreement signed at the 18th SAARC Summit 2014 that concluded in Kathmandu on Thursday.
Energy expert and former secretary Surya Nath Upadhyaya said that Nepal succeeded to convince India for Power Trade Agreement (PTA). "Now the agreement has been extended at the regional level," he said.
Experts say the agreement is important for a country like Nepal as it can be a net electricity exporter, thanks to its abundant hydropower potentials. The agreement is said to be a crucial step toward developing a SAARC Market for Electricity on a regional basis.
Kathmandu, November 25: Agreements have been signed on around a dozen issues including credit line of around Rs 100 billion (US$ 1 billion) announced during the visit of Indian Prime Minister (PM) Narendra Modi in August. The agreements include that for project development agreement (PDA) for Arun III, Kathmandu-Delhi bus service, police academy, tourism, traditional ayurveda, youth affairs, and relationship with different municipalities.
Chief of the International Economic Cooperation Coordination Division at the Finance Ministry Madhu Kumar Marasini and deputy executive director of the Indian Export-Import (Exim) Bank signed the loan agreement in presence of Nepali PM Sushil Koirala and his Indian counterpart Modi. Loan investment has come into implementation immediately after signing of the agreement and the Indian Exim Bank will invest after Nepal selects projects.