Nepal | September 28, 2020

Signing and ratification of MoU for BIMSTEC grid interconnection approved

Himalayan News Service
Share Now:

The National Security Chiefs of BIMSTEC Member States holding a meeting with Indian Prime Minister Narendra Modi in New Delhi on March 21, 2017. Photo courtesy: PIB, India

Kathmandu, April 19

The Union Cabinet of India chaired by Prime Minister Narendra Modi has approved the proposal of the Indian Ministry of Power to sign and ratify the ‘Memorandum of Understanding for Establishment of the BIMSTEC Grid Interconnection’ recently, according to information disclosed by the Indian Ministry of Power on its website.

“The MoU will be signed among the member states of BIMSTEC at upcoming third BIMSTEC Energy Ministers’ Meeting to be held in Nepal shortly.”

According to the Power Ministry, the MoU will provide a broad framework for the parties to cooperate towards the implementation of grid interconnections for trade in electricity with a view to promoting rational and optimal power transmission in the BIMSTEC region.

The memorandum will also facilitate the optimisation of using energy resources in the region for mutual benefits on non-discriminatory basis subject to laws, rules and regulations of the respective parties; promotion of efficient, economic, and secure operation of power system needed through the development of regional electricity networks; the necessity of optimisation of capital investment for generation capacity addition across the region; and power exchange through cross-border interconnections.

BIMSTEC is an international organisation involving a group of countries in South Asia and South East Asia viz Bangladesh, India, Myanmar, Sri Lanka, Thailand, Bhutan and Nepal. The ‘Plan of Action for Energy Cooperation in BIMSTEC’ was formulated in the first BIMSTEC Energy Ministers’ Conference held in New Delhi on October 4, 2005.

The plan envisioned the ‘BIMSTEC Trans-Power Exchange and Development Project’, and it was decided that a task force led by Thailand, with representatives of member countries, will give a report on draft MoU for grid interconnections. A total of five meetings of the task force for BIMSTEC on Trans-power Exchange were held and the draft MoU for establishment of BIMSTEC Grid Interconnection was finalised by the task force on March 16, 2015.

In the BIMSTEC Leaders’ meet in Goa in October, 2016, a decision was taken to expedite signing of MoU on BIMSTEC Grid Interconnection and MoU was finalised from fourth meeting of the BIMSTEC senior officials on energy held in January this year.

A version of this article appears in print on April 20, 2017 of The Himalayan Times.

Follow The Himalayan Times on Twitter and Facebook

Recommended Stories:

More from The Himalayan Times:

Students demand justice for Bajhang rape victim in Kathmandu

KATHMANDU, SEPTEMBER 26 Students take to the streets on Saturday demanding justice for a 12-year-old girl whose dead body was found in a temple in Bajhang district on Thursday night. The minor was raped before being killed by the culprit/s. As per local police, investigation into the case in unde Read More...

United earn dramatic win at Brighton with late Fernandes penalty

BRIGHTON: Manchester United beat Brighton & Hove Albion 3-2 away in the Premier League on Saturday after an incredible finale in which Bruno Fernandes struck the winning goal from the penalty spot in the 100th minute of the game. Fernandes's winner, which came after referee Chris Ka Read More...

Chelsea recover from three goals down to draw at West Brom

Chelsea striker Tammy Abraham struck a 93rd-minute equaliser as they battled back from three goals down to draw 3-3 at West Bromwich Albion in their Premier League clash on Saturday. An error by Marcos Alonso led to Callum Robinson opening the scoring for West Brom in the fourth minute and t Read More...

A team of women of Police march past in a programme organised to mark the Constitution day at Nepal Army pavilion in Tundikhel, Kathmandu, on Wednesday, September 19, 2018. Photo: Skanda Gautam/THT

Province 2 threatens to knock Supreme Court door

KATHMANDU, SEPTEMBER 26 Months after the two bills related to adjustment of Nepal Police and Provincial Police were authenticated, provincial governments have not been able to take control of police. As a result, Province 2 government has sent an angry letter to the federal home ministry asking i Read More...

Local levels to resume schools from today in Siraha district

SIRAHA, SEPTEMBER 26 Community schools in Laxmipur Patari Rural Municipality and Mirchaiya Municipality of Siraha, that have remained closed for the past six months are likely to open from tomorrow. Education sections of both the local bodies, by issuing separate notices, decided to open s Read More...

Three persons including campus chief absconding

DHULIKHEL, SEPTEMBER 26 Three persons, including campus chief, have been absconding ever since police issued an arrest warrant against them in Kavre’s Banepa. A fraud charge was filed against three people including Kavre Multiple Campus Chief KJ Baidar in Kavre’s Banepa Municipality, with Read More...

Traffic police expedite monitoring of public vehicles

KATHMANDU, SEPTEMBER 26 Traffic police have expedited inspection and monitoring of public vehicles in Kathmandu valley to ensure that they follow health guidelines and other requirements specified by the government to prevent and control COVID-19. Senior Superintendent of Police Bhim Prasad Dh Read More...

Food, medicines provided to returnees from India

DHANGADI, SEPTEMBER 26 Dhangadi sub-metropolis has been providing free food and health facilities for Nepalis returning from India at border entry point, in Dhangadi. Deputy Mayor Sushila Mishra Bhatta of the sub-metropolis said food and water were being offered to the returnees ever since the Read More...