On Friday, the foreign minister of India finished a two-day visit to Nepal, where he signed a deal to raise the quantity of electricity imported from the neighboring country.
“I want to assure you that we are fully dedicated to providing ongoing support and working diligently to maximize the potential of our relationship for the mutual benefit of both countries’ populations,” stated Subrahmanyam Jaishankar, India’s Foreign Minister, in Kathmandu on Friday, shortly before departing for home.
India has a significant impact on the economy and politics of Nepal as it shares its borders with the country on three sides.
Jaishankar arrived in Nepal on Thursday and had meetings with Nepalese Prime Minister Pushpa Kamal Dahal and President Ram Chandra Poudel. They also participated in a joint meeting to discuss bilateral relations.
According to a press statement from the Indian Embassy in Kathmandu, on Thursday, India and Nepal signed a long-term power trade agreement, with India agreeing to make efforts to increase the export of power from Nepal to India up to 10,000 megawatts within a period of 10 years.
Jaishankar expressed that during his current visit, they have successfully entered into significant agreements in both the power sector cooperation and project implementation. He firmly believes that these agreements will greatly benefit the ordinary people of Nepal.
Nepal, a country predominantly occupied by mountains, currently has an electricity capacity of approximately 2,600 megawatts. However, there are multiple hydroelectric projects in progress or in the planning stage to further enhance its electricity generation capabilities.
Nepal relies heavily on its large neighboring country for the majority of its oil product imports.
Jaishankar stated that the Indian government, led by Prime Minister Modi, is dedicated to constantly reshaping its connections with neighboring countries, with a special emphasis on Nepal.
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