Dhaka and Kathmandu have agreed to develop hydropower projects for supplying electricity to Bangladesh, Nepal’s Kathmandu Post newspaper reports
The two countries reached the agreement with government-to-government investment at an energy secretary-level meeting that concluded in Kathmandu on Tuesday.
The electricity produced by these schemes will be exported to Bangladesh, said the newspaper report.
The two countries reportedly decided to form a joint technical team to identify potential hydropower projects for development.
The joint team will pick out bankable projects and recommend them to the respective governments, Kathmandu Post said quoting a high energy ministry official who joined the meeting.
“The two governments will then construct the project with bilateral investment,” the official was quoted to have said.
According to the report, Bangladesh has repeatedly expressed interest in developing hydropower projects in Nepal.
The two countries even signed an agreement more than two years ago to develop several hydropower plants capable of generating more than 1,600 megawatt.