Kathmandu, Nepal, October 30, 2025: Nepal and India have signed a joint venture and shareholder agreement to construct two 400 kV cross-border transmission lines aimed at expanding electricity trade between the two nations. The agreement was formalized on Wednesday in Kathmandu.
Subhash Kumar Mishra, Deputy Managing Director of the Nepal Electricity Authority (NEA), signed the agreement on behalf of NEA. Sanjay Kumar Gupta, Chief Operating Officer of International Business at the Power Grid Corporation of India Limited, represented Power Grid.
The signing ceremony was attended by Nepal’s Minister for Energy, Water Resources, and Irrigation, Kulman Ghising—who also oversees the portfolios of Physical Infrastructure, Transport, and Urban Development—and India’s Minister of Power, Manohar Lal Khattar.
The proposed transmission projects include:
Inaruwa (Nepal) – New Purnea (India): A 400 kV double-circuit transmission line.
Lamki (Dodhara, Nepal) – Bareilly (India): Another 400 kV double-circuit transmission line.
These projects are expected to significantly enhance bilateral cooperation in the power sector and strengthen regional grid connectivity. Once completed, the transmission corridors will facilitate increased electricity exchange, improve grid stability, and contribute to sustainable economic growth in both countries.
Officials from both sides stated that the agreement paves the way for establishing joint venture companies between NEA and Power Grid to implement the construction of the transmission lines.
