India-Nepal Power Trade Agreement yet to kick-off
The Dollar Business Bureau The India-Nepal Power Trade Agreement (PTA) reached between Nepal and India in September 2014 is yet to take a shape. According to a report by IPCS (Institute for Peace and Conflict Studies), the PTA much touted as the most significant achievement of the 18th SAARC summit authorises the two neighbours to develop transmission interconnections, grid connectivity, power exchange and trading through governmental, public and private enterprises on mutually acceptable terms. It also allows licensed electricity producers, buyers and traders from both countries to engage in cross-border electricity trading, including via power exchanges, and to seek cross-border transmission access as per the laws of the respective countries. The report said, this is not the first time Nepal ...
