KATHMANDU: Nepal and India have finally signed on the Power Trade Agreement (PTA) that reached between the two countries sometime ago.
Energy Secretary Rajendra Kishor Chhetri and Indian Energy Secretary Pradeep Kumar Sinha today signed on the bilateral agreement from their respective sides amidst a programme at the Office of Prime Minister and Council of Ministers
Minister for Energy Radha Kumari Gyawali, Chief Secretary Leelamani Poudyal, and Indian Ambassador to Nepal Ranjit Rae were present on the occasion. Preliminary signing on the agreement took place on September 4. Governments of both countries have approved the final draft of the agreement sometime ago.
It shall come into full effect from today itself. Talking to media persons after the signing-in ceremony, Energy Secretary Chhetri said with the final signing of the agreement, a strong base has been created for addressing the problem of power crisis facing the country for a long time.
Construction of transnational transmission line is going ahead to import power from India, Energy Secretary Chhetri sai. A secretary-level special mechanism has been constituted to clear possible difficulties in the enforcement of agreement and a joint-secretary level taskforce has also been formed to that end, he added.
As per the agreement, the secretary-level mechanism will meet once a year whereas the join-secretary-level body shall meet twice a year. The agreement is aimed at clearing the existing power crisis within the next three years. Indian Energy Secretary Sinha said the Indian Government is ready to cooperate with Nepal for power development. The agreement has paved the way for Nepal for trading power with India and other third countries. A Power Trade Agreement on the Arun III Hydropower Project will be signed soon, he stated.
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