Kathmandu: The Nepal Electricity Authority (NEA) is investing Rs 3 billion for a joint venture to be established for the development of two cross border transmission lines.
According to the Ministry of Energy, Water Resources, and Irrigation, the NEA and India’s Power Grip Corporation will both invest in the joint venture.
The Ministry stated that Rs 1 billion will be invested for the venture to be established in Nepal and Rs 2 billion in India as the equity share. The NEA would invest the amount from its own internal resources.
As already agreed by the officials of the two countries, the joint venture is set up for the construction of Inaruwa-Purniya and Dodhara-Bareli cross border transmission lines. The important transmission lines for energy exchanges would be completed by 2030.
It is said that the joint venture to be established in Nepal will have 51 percent in shares from the NEA and 49 percent from the Indian Power Grid Corporation.
