September 12, 2021 | Investopaper
Nepal and India have agreed to jointly invest in the construction of the Butwal-Gorakhpur 400 KV transmission line. to India. An agreement was signed between the Nepal Electricity Authority and the Government of India-owned Power Grid Corporation of India in New Delhi.
NEA Executive Director Kulman Ghising on behalf of Nepal and Power Grid Executive Director Y K Dixit on behalf of India signed the agreement. As per the agreement, NEA and Power Grid will invest 50-50 percent shares in the transmission line.
A company will be established for the construction of the transmission line. The company will be registered in New Delhi, India.
The total length of the transmission line will be 120 kilometers. Nepal will build 20 km transmission line of Nepal section. The transmission line to Nepal is being constructed under the Millennium Challenge Corporation (MCC) project. The 100 km transmission line to India will be constructed jointly.
The construction of the transmission line is expected to complete within three and a half years. 2,000 MW of electricity can be transmitted from this transmission line.
At present, the first inter-country 400 KV transmission line is in operation at Dhalkebar Muzaffarpur.
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