'NEA will also benefit from the cross-border transmission line'

Kathmandu, Nov 7: The government has made it clear that Nepal Electricity Authority (NEA) will also benefit from the cross-border transmission line to be built between Nepal and India.

An agreement has already been signed between Nepal and India to jointly construct two additional 400 KV cross-border transmission lines—Inaruwa-Poornia and Dododhara-Bareilly.

For this a joint venture company is to be established between Nepal Electricity Authority and Power Grid Corporation of India Limited. According to the agreement, NEA's share in the joint venture company will be 51 percent in the section to be built in Nepal, shared Sandeep Kumar Dev, Joint-Secretary at the Ministry of Energy, Water Resources and Irrigation.

Similarly, the NEA will have a 49 percent stake in the transmission line to be built in the Indian section.

The ministry has said that the construction of trans-country transmission lines has been given priority to ensure a market for the electricity generated from the power projects for which power purchase agreements have been concluded. (RSS)