Kathmandu, June 14
Bangladesh has confirmed its decision to purchase electricity from Nepal, with the agreement being approved by the Public Procurement Committee under the Cabinet of the Government of Bangladesh.
On Tuesday, the committee decided to buy 40 megawatts of electricity from Nepal at an 8.17 Bangladeshi Taka (approximately Rs 9.27) per unit.
Bangladesh aims to secure this electricity through a five-year agreement. The electricity will be exported from Nepal to Bangladesh via India, which will involve paying a transit fee to India. This fee is set at 0.0595 Nepali Rupees per unit, according to Bangladeshi media outlet ‘The Daily Star.’
The report also highlighted that the electricity from Nepal will be cheaper than the electricity Bangladesh currently buys from Indian companies.
Bangladesh has shown interest in purchasing up to 500 megawatts of electricity from Nepal. The electricity will be transmitted to Bangladesh through the Nepal-India Dhalkebar-Muzaffarpur Cross-Border Transmission Line and the India-Bangladesh Bheramara Cross-Border Transmission Line.
A tripartite agreement between the regulatory bodies of Nepal, India, and Bangladesh will be necessary to start the electricity export. However, the exact date for the agreement is yet to be finalised.
