KATHMANDU, Dec 4: Nepal and India are sitting for a talk next week to take forward the process of materializing the energy banking between two countries.
According to the Ministry of Energy, Water Resources and Irrigation, the secretary-level virtual meeting has been scheduled for December 10-11. Apart from holding discussion on the energy banking, the bilateral meet will also update the study report on the high voltage cross-border transmission line.
Nepal and India have been looking to carry out energy banking which will pave the way for the two countries to sell surplus electricity and purchase the same amount of energy when necessary. It will be beneficial for Nepal as it enables the country to bank energy by selling the surplus energy produced during the rainy season. On the other hand, Nepal can receive electricity from India when the energy production plunges during the winter season.
In December 2018, both the countries had agreed to carry out energy banking. According to the ministry, the meeting to be held next week will focus on materializing the consent reached earlier between the two countries.
This is the eighth Energy Secretary level meeting between Nepal and India. Previously, the seventh meeting was held in Bangalore, India in October 2019.