Nepal Inks USD 12.36M Deal for Cross-Border Electricity Transmission Line

Nepal has signed a USD 12.36 million contract for an 18 km cross-border electricity transmission line with India. This initiative, part of the MCC Nepal Compact, aims to enhance energy cooperation between the two nations. The project will help Nepal meet its power goals and strengthen its regional market position.

Nepal has taken a significant step by signing a USD 12.36 million contract to construct an 18 km cross-border electricity transmission line with India. This development is a crucial element of the broader Electricity Transmission Project, designed to deepen energy cooperation between the neighboring countries.

The project, facilitated under the Millennium Challenge Corporation (MCC) Nepal Compact, is a collaborative effort funded by both the Nepalese and US governments. The new transmission line, featuring three sub-stations, aims to bolster Nepal's domestic power supply and solidify its role in the regional energy market.

The agreement was reached between MCA-Nepal and Transrail Lighting Ltd, with key officials from various agencies witnessing the signing. The project is seen as a milestone in enhancing regional energy trade and significantly transforming Nepal's energy infrastructure and economic future.

(With inputs from agencies.)