Tripartite Agreement between Nepal, India, and Bangladesh

Context:

Nepal, India, and Bangladesh have entered into a Tripartite Agreement aimed at enabling cross-border electricity trade. This arrangement allows Nepal to export hydroelectric power to Bangladesh through Indian transmission infrastructure.

Key Points:

• Electricity Export: Nepal is set to export 40 megawatts (MW) of hydroelectric power to Bangladesh annually under this agreement.
• Significance: This marks a milestone as it is the first instance of Nepal exporting electricity to a third country, expanding its energy trade beyond its borders.