The parliamentary Committee on Agriculture and Water Resources has instructed the government not to defer the Power Trade Agreement (PTA) to be signed with India and other neighboring countries.
Drawing “serious attention” towards the issue, the Commission said the government needs to sign power cooperation deal with India and other neighboring countries as per national interest and necessity, upholding the universal principles of electricity trade.
Nepal has to attract a large quantity of national and foreign direct investments for the economic development of Nepal through hydro power sector, observed the Committee.
“It is essential to sign PTA with India and other countries,” said Amrit Kumar Bohora, the Committee’s chairperson.
“For this, we have instructed the government to undergo adequate homework and do not defer the signing of such an agreement.”