India has said it would allow Nepal to use its power transmission backbone to export electricity to countries like Bangladesh and Myanmar, in a major boost to foreign investors who express concerns about lack of access to foreign markets for energy produced here.
“Nepal is a hub for hydropower electricity generation and it has great potential to recharge entire South Asia as a battery backup,” Sanoj Kumar Jha, secretary of the Central Electricity Regulatory Commission (CERC), a key regulator of power sector in India, told the Nepal Investment Summit in Kathmandu today. “India will provide necessary support to export Nepal’s power to Bangladesh and Myanmar (via its territory),” Jha said, adding, “India also needs more hydropower electricity to diversify its energy mix.”
India’s energy portfolio is heavily skewed towards coal-based thermal power, with hydropower accounting for only 26 per cent of total energy generation. India has set a target of increasing the share of electricity generated through hydropower projects in its total energy mix to 40 per cent. Read More
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