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INDIA, NEPAL SIGN POWER TRADE AGREEMENT

22102014

Oct 22,
India and Nepal have inked the Power Trade Agreement (PTA), allowing exchange of electricity and opening up new vistas of cooperation in the hydro-power sector.
Energy Secretary of India Pradeep Kumar Sinha and his Nepalese counterpart Rajendra Kishore Kshatra signed the agreement at a function held at the Prime Minister’s Office in Kathmandu yesterday. The two sides had agreed to sign the agreement during Prime Minister Narendra Modi’s visit to Nepal in August.
Speaking on the occasion, Mr. Sinha said, the agreement will also provide a permanent forum for interaction between Indian and Nepal in the power sector. He said, there is also the provision of establishing a joint working group in the PTA to be headed by joint secretaries of the two countries. He said, the joint group will sit every six months and take up issues not only pertaining to the existing cooperation in power sector but also explore and identify new areas of cooperation.
The Nepalese Secretary said that the signing of the PTA was the result of our continuous effort since 2010

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