Power Trade

Minister for Energy has signaled at allowing the private sector for power trade and urged them to get ready for it.

Ambassador of Bangladesh to Nepal Salahuddin Noman Chowdhury paid a courtesy call on Deputy Prime Minister and Home Minister Narayankaji Shrestha at the Ministry of Home Affairs on Thursday.

Today's meeting of the Council of Ministers has decided to table the bill designed to make arrangements regarding power trade.

A meeting of Nepal-India Energy Secretary-Level Joint Steering Committee is scheduled to take place in India on February 17-18.

The government has advanced its preparation to bring ordinance to amend the Electricity Act, 2049 aiming at opening up avenues for power trade.

Prime Minister Sher Bahadur Deuba has said that the government has focused its special attention on the development and promotion of clean energy in order to resolve problems created due to the burgeoning climate change.

The private power entrepreneurs have been attracted towards reaping benefits from the power trade after the state-owned Nepal Electricity Authority (NEA) obtained approval for electricity sale in the Indian energy market.

According to the Nepal Electricity Authority (NEA), an investment agreement was signed between the two sides on Wednesday for the construction of the Butwal - Gorakhpur second transnational transmission line