POWERGRID and Nepal Electricity Authority signed Joint Venture and Shareholders’ Agreements
Shri Manohar Lal commended his Nepalese counterpart for the initiative and reaffirmed the deep-rooted friendship and cooperation between the two nations.
New Delhi, October 29, 2025: Shri Manohar Lal, Hon’ble Union Minister of Power and Housing & Urban Affairs, held a bilateral meeting with Mr. Kul Man Ghising, Hon’ble Minister of Energy, Water Resources, and Irrigation of Nepal.
In the august presence of both Ministers, Joint Venture and Shareholders’ Agreements (JV&SHA) were signed between POWERGRID, a Maharatna Central Public Sector Enterprise (CPSE) of India, and the Nepal Electricity Authority (NEA). These agreements mark a significant step towards the incorporation of two joint venture entities—one in India and another in Nepal—for the development of high-capacity cross-border power transmission infrastructure.
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Read Also : SAIL H1 FY26 Profit soars by 32%, Revenue from operations crosses Rs. 52,600 croreThe Hon’ble Minister of Nepal expressed gratitude to the Government of India for its continued support across multiple sectors, particularly in strengthening transmission connectivity and technical collaboration
Read Also : Workshop on AI for Beginners at NTPC Northern Region HQShri Manohar Lal commended his Nepalese counterpart for the initiative and reaffirmed the deep-rooted friendship and cooperation between the two nations. He underscored that partnership in areas such as hydropower development, urban infrastructure, and technical exchange holds immense potential for mutual growth and regional progress.
The Hon’ble Minister assured that India remains committed to extending all possible support to Nepal in these endeavours.
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