Energy-water projects
Nepal and India are working on a range of areas of economic engagement including energy and water resources sectors, said Prime Minister Narendra Modi on September 16, 2016.
Modi and Prime Minister of Nepal, Pushpa Kamal Dahal ‘Prachanda’, have agreed to push for speedy and successful implementation of the ongoing hydro-power projects, and development and operationalization of transmission lines.
This would be a source of much needed energy, and revenue generation for Nepal, he pointed out.
“Prime Minister and I have also agreed to focus on close monitoring and time bound completion of all development projects,” said Modi during a joint press briefing with Prachanda, who made an official visit to New Delhi.
“Trade, connectivity, in all its dimensions development projects and mutual investments are key pillars of our partnership with Nepal,” said Modi.
India’s initiatives for open sky, cross-border power trade, transit routes, cross-border connectivity would directly benefit Nepal and help strengthen economic partnership between the two countries.
India has signed the agreement for line of credit of US$750 million for post-earthquake reconstruction of Nepal.
India has also agreed to extend additional Line of Credit for new projects such as Phase-2 of Terai Roads, power transmission lines, substations and a polytechnic in Kaski. fii-news.com
