Kathmandu, Dec 4 . The Nepal-Bangladesh energy mechanism meeting held in the capital city on Tuesday has paved way to export electricity produced from the Upper Karnali Hydropower Project.
An Indian company Grandhi Mallikarjun Rao (GMR) is the promoter of Project producing 500 MW electricity.
The meeting endorsed the agreement on exporting the electricity generated by the Upper Karnali Hydropower Project.
After the visit to Bangladesh last July, Minister for Energy, Water Resources and Irrigation, Barsha Man Pun, had shared that Bangladesh was ready to import the electricity from the Project.
Spokesperson and Joint Secretary at the Ministry, Dinesh Ghimire, shared that the meeting approved the decision on cooperation relating to investment on hydropower project, interstate electricity transmission line and the renewable energy between the two countries. The two countries were ready to explore potential on joint electricity trade.