Kathmandu, August 31
On the same day that seven member states of Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) signed an memorandum of understanding for grid interconnection, Nepali officials and experts have suspected the implementation of the agreement.
They claim the most powerful country among the signatories, India, might become a challenge in smoothly implementing the agreement, that if executed properly gives benefits to countries like Nepal.
Some officials of the Ministry of Energy in Kathmandu say the Indian government’s intercountry power trade directive will block the implementation as it mentions that the electricity it imports has to be produced with at least 51 per cent Indian investment.
Therefore, former president of Independent Power Producers Association Nepal, Khadga Bahadur Bista, says the MoU is contradictory.
Meanwhile, the government has requested India to revise its directive, according to the Ministry’s spokesperson Dinesh Ghimire. The New Delhi government is positive about the request, but it is yet to be decided, he informs.
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