Overview
- The joint venture and shareholders' agreements were signed in New Delhi in the presence of India's Manohar Lal and Nepal's Kulman Ghising.
- POWERGRID and the Nepal Electricity Authority will incorporate two joint venture entities, one in each country, to execute the projects.
- The planned lines are the Inaruwa–New Purnea 400 kV Double Circuit (Quad Moose) and the Lamki/Dododhara–Bareilly 400 kV Double Circuit (Quad Moose).
- According to official statements, the new corridors are expected to expand electricity exchange, bolster grid resilience, and support regional energy security and growth.
- Nepal already sells power to India, including 200 MW to Haryana after an initial 185 MW, and exports to Bangladesh via the Dhalkebar route, illustrating trade the new links aim to scale.