Bangladesh has declared an interest in investing in hydroelectric power projects in partnership with Nepal in order to establish a power import business in the near future.
According to Power Division sources, a meeting of the Joint Steering Committee, which is co-chaired by the energy secretaries of Nepal and Bangladesh, as well as a meeting of the Joint Working Group, which is co-chaired by the joint secretaries, will be held virtually on September 13-14 to finalise the investment.
In order to import 500 megawatts (MW) of power from Nepal via India, Bangladesh is now working on a project. According to an official, India has signed a Memorandum of Understanding (MoU) with GMR Upper Karnali Hydropower Ltd (GUKHL).
Earlier, Bangladesh requested that Nepal provide its thoughts and opinions on the viability of combined participation and development of the Sunkoshi-3 (about 536MW) and Sunkoshi-2 (approximately 1110 MW) hydro-power projects in Nepal, which are now under consideration.
He went on to say that Bangladesh must use the Indian corridor in order to import electricity, which is why both nations may contemplate a tri-party MoU for a joint development hydropower project in Nepal.