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17th of October 2018

Economy



Bangladesh to buy 9,000 MW hydro power from Nepal

Kathmandu, Sept. 7: The government of Bangladesh has unveiled a plan to purchase 9,000 megawatt of hydropower from Nepal.

According to the plan made public by the Power Division under the Ministry of Power, Energy and Mineral Resources of Bangladesh on Thursday, Bangladesh would buy 9,000 megawatt electricity from Nepal by 2040.

The Bangladeshi government's strategy to buy power from Nepal has been brought forth at a time when the Minister for Energy, Water Resources and Irrigation Barsha Man Pun is in Bangladesh.

The Nepali delegation led by Minister Pun has left for Bangladesh on Wednesday to participate in the Power and Energy Week, a fair on electricity equipment and associated businesses with a theme of Anirban Agami (Indomitable Future), in Bangladesh.

Delivering her inaugural speech on Power and Energy Week in Bangladesh, Bangladeshi Prime Minister Sheikh Hasina claimed that the plan to purchase power from Nepal would be implemented at the earliest as the process has already been forwarded.

"Our effort to import power from Nepal and Bhutan is continued. We have already signed a Memorandum on Understanding with Nepal in this regard,” she said.

On August 10, Nepal and Bangladesh singed an MoU on Energy Sector Cooperation with the objective of developing two countries' economic status with the mutual cooperation through development of hydropower, power generation, grid connectivity, energy efficiency, renewable energy.

She informed that the tripartite agreement among Bangladesh, Indian and Bhutan will be signed at the earliest for importing power.

On the occasion, Minister Pun asked the investors to invest in hydropower sector of Nepal with confidence as there would not be market problem for power produced in Nepal.

Stating that the government has planned to generate around 15,000 megawatt power in the next 10 years, he said that the government was ready to export power to Bangladesh.

"We will generate 15,000 MW power in next 10 years. So, there will not be problem to sell 5,000 MW power to Bangladesh," he said.

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