Overview
- The Joint Venture and Shareholders' Agreements were signed on October 29 in New Delhi in the presence of India’s Manohar Lal Khattar and Nepal’s Kulman Ghising.
- POWERGRID and the Nepal Electricity Authority will incorporate two joint venture companies, one in each country, to execute the projects.
- The planned lines are the Inaruwa (Nepal)–New Purnea (India) and Lamki (Dododhara) (Nepal)–Bareilly (India) 400 kV double-circuit (Quad Moose) links.
- Officials say the corridors are expected to expand power exchange, improve grid reliability, and support economic growth once completed, building on Nepal’s ongoing exports to India and Bangladesh.
- The projects move into incorporation and planning with no public timeline, financing details, or construction start dates disclosed.