India’s Tripartite Agreement | 07 Oct 2024

Source: BS 

Recently, Nepal, India and Bangladesh signed a tripartite agreement to facilitate cross-border electricity trade. 

• Under the agreement, Nepal will export its surplus electricity to Bangladesh from 15^th June to 15^th November each year. 
  • India will facilitate the transmission of electricity from Nepal to Bangladesh. 
• In the first phase, Nepal will export 40 MW of hydroelectric power to Bangladesh through Indian territory at the rate of 6.4 cents per unit. 
• India, Nepal and Bangladesh are part of many International groups. 
  • South Asian Association for Regional Cooperation (SAARC) 
  • Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) 
  • Bangladesh, Bhutan, India, and Nepal (BBIN) 
  • Non Aligned Movement 

Read More: India-Nepal Relations, India-Bangladesh Relations