The governments of Nepal and Bangladesh have announced a deal to invest jointly in hydropower projects in Nepal, according to local media.
The Dhaka Tribune has reported that Bangladesh’s Commerce Minister Tofail Ahmed announced the deal as part of wider bilateral trade talks with Nepal. He said that Bangladesh would import electricity generated by the hydropower projects.
The projects under the agreement include the 1110 MW Sunkoshi II and the 536 MW Sunkoshi III hydropower plants, both on the Sunkoshi River in Nepal. The projects are currently in the feasibility stage.
The projects will be developed under the Bangladesh, Bhutan, India and Nepal (BBIN) regional trade initiative, according to the Kathmandu Post.