MCA-Nepal signs contract for cross-border power transmission line to India

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MCA-Nepal signs contract for cross-border power transmission line to India - Business Standard

Quick Summary:

Signed under the Millennium Challenge Corporation (MCC) Nepal Compact, the 18 km transmission line project, with three sub-stations, will help Nepal achieve its domestic power goals and reinforce Nepal's position in the regional energy market, officials said.

As MCA-Nepal marks the first anniversary of the Compact's Entry-Into-Force, this new milestone reflects the unwavering commitment from all stakeholders to enhancing regional energy trade between Nepal and India, read a statement by the Millennium Challenge Account (MCA) Nepal.

Nepal on Friday signed a USD 12.36 million contract for a critical 18 km cross-border electricity transmission line, a crucial part of the broader Electricity Transmission Project that will deepen energy cooperation with India.