Power Grid signs JV agreement with Nepal Electricity Authority for cross border transmission system
POWERGRID has on 29th October, 2025 entered into a Joint Venture and Shareholders’ Agreements (JV&SHA) with Nepal Electricity Authority (NEA), for which duly stamped and signed copy of the agreements have been received by the Company from NEA vide email on 21st November, 2025, the exchange filing stated.
New Delhi: State owned Power Grid has entered into a joint venture agreement with NEA for the purpose of cross border transmission infrastructure.
This is to inform that POWERGRID has on 29th October, 2025 entered into a Joint Venture and Shareholders’ Agreements (JV&SHA) with Nepal Electricity Authority (NEA), for which duly stamped and signed copy of the agreements have been received by the Company from NEA vide email on 21st November, 2025, the exchange filing stated.
According to this JV and shareholding agreement the proposed ratio of Power Grid is 51 percent and that of NEA is of 49 percent in the both sides i.e. India and Nepal.
These agreements are for the incorporation of two Joint Venture Companies (JVC), one in India and one in Nepal, for the development of high-capacity cross-border power transmission infrastructure.
The proposed Cross-Border Transmission System Projects include the development of the Inaruwa (Nepal) – New Purnea (India) 400 kV Double Circuit (Quad Moose) Transmission Link and Lamki (Dododhara) (Nepal) – Bareilly (India) 400 kV Double Circuit (Quad Moose) Transmission Link.