Fiscal Nepal
First Business News Portal in English from Nepal
KATHMANDU: Nepal and India are scheduled to meet later this week to discuss on different energy-related issues including the long-planned energy banking between the two nations and its implementation.
The energy secretary-level meeting which will take place virtually on December 10 and 11 will primarily discuss on capitalizing the energy banking concept and take an update of study carried on high voltage cross-border transmission line, as per officials of the Ministry of Energy, Water Resources and Irrigation.
Nepal and India in January last year had agreed on energy banking, paving the way for selling surplus electricity and purchasing the same volume of energy when necessary.
Nepal had long been demanding the energy banking agreement with India to to ensure that the country is able to export its surplus electricity to India, especially during monsoon and import power from the southern neighbour when necessary.
The energy banking mechanism allows Nepal to export power to India amid surplus generation and import the same amount of power when necessary.
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