Dhaka, Kathmandu agree on jt investment in hydro projects

Staff Correspondent

8th December, 2018 09:37:23 printer

Dhaka and Kathmandu have agreed on future joint venture investment to explore the potentials of producing 40,000MW of electricity, said a top official.

“Last week, we have agreed to initiate the joint venture investment to import electricity from Nepal,” power secretary Dr Ahmad Kaikaus told the daily sun after attending a secretary-level meeting.

BPDB Chairman Khaled Mahmood and eleven other senior officials attended the steering committee meeting in Katmandu, official said.    

Dhaka is interested in investing in two mega hydropower plants having capacity to generate 1646MW of electricity in Nepal.

It placed a proposal during the first secretary level steering committee meeting.

Bangladesh is interested to invest in Nepal’s hydropower projects adopting various investment modalities suitable to Nepal including government to government model, an official concerned said.

It is interested in joint participation and development of Sunkoshi-3 and Sunkoshi-2 hydropower projects among Bangladesh, India and Nepal and any other potential new location for development of hydropower project in Nepal, sources said.

During the meeting, Dhaka and Katmandu also held talks about the progress on import of 500MW hydropower from 900MW Upper Karnali project in Nepal to be developed by GMR, India.               

The terms and conditions of power purchase and sales agreement between BPDB and GMR are in the final stage, sources said.  The existing Indian guidelines on cross-border trade of electricity (CBTE) allow India for trading electricity with neighboring countries which is bilateral in nature, an official said.

Bangladesh cannot buy electricity directly from Nepal without involving India. Both countries may request India to keep trilateral trading provision in their guidelines on CBTE so that Bangladesh and Nepal can trade electricity directly by giving wheeling charges to Power Grid Company of India Ltd, sources said.