DHAKA, Nov 15, 2024 (BSS) - In a landmark development in regional energy cooperation, Bangladesh has begun receiving electricity generated in Nepal through the Indian grid, marking the first-ever trilateral power transaction among the three countries.

The milestone was inaugurated through a virtual event attended by Bangladesh’s Power, Energy and Mineral Resources Adviser Muhammad Fouzul Kabir Khan, Haryana Chief Minister and Indian Minister for Power Manohar Lal Khattar; and Nepal’s Minister of Energy, Water Resources and Irrigation, Dipak Khadka.

The initiative, which sees Bangladesh initially receiving up to 40 MW of electricity from Nepal, underscores a new chapter in sub-regional energy connectivity, said a press release here today.

The development follows a tripartite agreement signed on October 3, 2024, between the Nepal Electricity Authority, Bangladesh Power Development Board and NTPC Vidyut Vyapar Nigam of India.

Officials highlighted that the transaction will bolster energy security, enhance cooperation, and increase the share of renewable energy in Bangladesh's power mix.

Bangladesh Chief Adviser Professor Dr. Muhammad Yunus recently called for the creation of a South Asian electricity grid, enabling seamless power exchange within the region.

The launch of this power supply is considered a critical step toward that goal, fostering stronger economic and energy linkages between South Asian nations.