Snippets Column

Nepal to export 10,000 MW of electricity to India for 10 years

Vibrant Gujarat Global Summit 2024: Finance Minister of Nepal, Prakash Sharan Mahat says “Nepal and India have signed a long-term power purchase agreement of exporting 10,000 MW of electricity to India over ten years of time. This will immensely open up investment opportunity in hydropower in Nepal. It will also contribute to achieve green energy transition target, not only for Nepal but also in India. Situated between two global economic powers, Nepal has adopted liberal, market-oriented economic policy since the early nineties and is a member of several international organizations and multilateral agencies, and we are implementing trade and investment policies and regulation of international standards.”

Shivanshi Srivastava

Recent Posts

Indian Companies Boost Global Presence With 17% Surge In Overseas Investments

In a clear signal that Indian companies are increasingly looking to expand their global reach,…

19 mins ago

PM Modi Celebrates Republic Day’s 75th Anniversary In Special ‘Mann Ki Baat’ Address

In a poignant moment, the Prime Minister played a segment of Dr. BR Ambedkar’s address,…

1 hour ago

India’s Auto Sector Set For Strong Growth, Driven By ‘Make In India’ Initiative

The ‘Make in India’ initiative plays a crucial role in driving significant growth in India’s…

2 hours ago

India’s Mobility Industry Set To Double, Cross $600 Billion By 2030, Report Says

India’s mobility industry is projected to double and surpass $600 billion by 2030, according to…

2 hours ago

Noida Police Arrests Suspected Criminal After Gunfight, Recovers Stolen Motorcycle

The police recovered a .315-bore illegal firearm, one live cartridge, one spent cartridge, and a…

3 hours ago

Israel Reserves Right To Return To War If Ceasefire Fails In Gaza, Netanyahu Warns

Israel Prime Minister Benjamin Netanyahu has reaffirmed that Israel reserves the right to resume fighting…

3 hours ago