logo
Nepal begins first power exports to Bangladesh via India's grid

Nepal begins first power exports to Bangladesh via India's grid

The Star16-06-2025
KATHMANDU: Nepal has begun exporting 40 megawatts (MW) of electricity to Bangladesh through India's power grid in its first move into the international energy market and positioning India as a key facilitator of regional electricity trading.
Nepal is also exporting 80 MW to Bihar state in India's east, Nepal's Energy Minister Dipak Khadka said on X on Sunday (June 15), adding that power exports had unlocked a 5,000 MW export market for the Himalayan nation.
The power transaction follows a tripartite agreement signed in October between Nepal Electricity Authority, Bangladesh Power Development Board, and India's NTPC Vidyut Vyapar Nigam.
India exports electricity to Nepal, Bangladesh and Myanmar, while importing power from Nepal and Bhutan and is discussing plans to integrate its grid with Sri Lanka.
The development comes as Nepal rapidly expands its hydropower capacity, with Indian hydro power producer SJVN currently developing the 900 MW Arun-3 project in Nepal's Sankhuwasabha district.
In April, India's Power Grid Corporation and Nepal Electricity Authority agreed to implement high-capacity cross-border transmission infrastructure to facilitate increased power trading.
Nepal, which has installed capacity of more than 3,000 MW, with 95% hydro, has also been seeking Indian investment to boost its hydroelectric output and export surplus power to New Delhi. - Reuters
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Trump's tariff deadline to have only 3 outcomes
Trump's tariff deadline to have only 3 outcomes

New Straits Times

time14 hours ago

  • New Straits Times

Trump's tariff deadline to have only 3 outcomes

A few days before United States President Donald Trump reimposes steep tariffs on dozens of economies, including the European Union and Japan, many are still scrambling to reach a deal that would protect them from the worst. The tariffs taking effect on July 9 are part of a package Trump imposed in April citing a lack of "reciprocity " in trading ties. He slapped a 10 per cent levy on most partners, with higher customised rates to kick in later in countries the US has major trade deficits with. But these were halted until this month to allow room for negotiations. Analysts expect countries will encounter one of three outcomes: they could reach a framework for an agreement; receive an extended pause on higher tariffs; or see levies surge. "There will be a group of deals that we will land before July 9," said Treasury Secretary Scott Bessent last Friday on CNBC. Policymakers have not named countries in this group, although Bessent maintains that Washington has been focused on striking deals with about 18 key partners. "Vietnam, India and Taiwan remain promising candidates for a deal," said Asia Society Policy Institute vice-president Wendy Cutler. Without a deal, Vietnam's "reciprocal tariff" rises from the baseline of 10 per cent to 46 per cent, India's to 26 per cent and Taiwan's to 32 per cent. Josh Lipsky, international economics chair at the Atlantic Council, cited Indian negotiators' extension of their US trip recently in noting that it "seems like a frontrunner ". "Japan was in that category, but things have set back a little," said Lipsky, referring to Trump's criticism on Monday over what the president called Japan's reluctance to accept US rice exports. The deals, however, would unlikely be full-fledged trade pacts, said analysts, citing complexities in negotiating such agreements. Since April, Washington has only announced a pact with Britain and a deal to temporarily lower tit-for-tat duties with China. Bessent has also said countries "negotiating in good faith" can have their tariffs remain at the 10 per cent baseline. But extensions of the pause on higher rates would depend on Trump, he added. "With a new government, (South) Korea looks well positioned to secure an extension," said Cutler of ASPI. Lipsky expects many countries to fall into this bucket, receiving an extended halt on higher tariffs that could last until Labour Day, which falls on Sept 1. Bessent earlier said Washington could wrap up its agenda for trade deals by Labour Day, a signal that more agreements could be concluded but with talks likely to extend past July. For countries that the US finds "recalcitrant", however, tariffs could spring back to the higher levels Trump previously announced, Bessent has warned. These range from 11 per cent to 50 per cent. Cutler warned that "Japan's refusal to open its rice market, coupled with the US resistance to lowering automotive tariffs, may lead to the reimposition of Japan's 24 per cent reciprocal tariff ". Trump himself said on Tuesday a trade deal was unlikely with Japan and the country could pay a tariff of "30 per cent, 35 per cent, or whatever the number is that we determine". Lipsky believes that the EU is at risk of having tariffs snap back to steeper levels, too —to the 20 per cent unveiled in April or the 50 per cent Trump more recently threatened. An area of tension could be Europe's approach to digital regulation. Trump recently said he would terminate trade talks with Canada — which is not impacted by the July 9 deadline — in retaliation for the country's digital services tax, which Ottawa eventually said it would rescind. This week, EU trade chief Maros Sefcovic is in Washington in a push to seal a trade deal, with the EU commission having received early drafts of proposals that officials are working on.

Short-staffed restauranters urge govt to expedite intake of foreign workers
Short-staffed restauranters urge govt to expedite intake of foreign workers

The Star

time18 hours ago

  • The Star

Short-staffed restauranters urge govt to expedite intake of foreign workers

PETALING JAYA: The government should reopen and expedite the intake of foreign workers for the food and beverage industry, the Malaysian Indian Restaurant Owners Association (Primas) urges. Primas president Datuk J. Govindasamy said the industry is facing an acute foreign workers shortage, which is affecting service quality, hygiene, compliance and operational capacity of restaurants. "Many restaurants are forced to reduce hours, cut menu items and in some cases shut down entirely," said Govindasamy in a statement on Thursday (July 3). "Indian restaurants play a crucial role in serving the people, especially the B40 group and without workers, even staple dishes such as roti canai are becoming difficult to serve. He said increasing the sales and service tax (SST) without addressing worker shortages was counterproductive. "With Visit Malaysia 2026 fast approaching, the F & B sector must be ready to provide top service to tourists and cleanliness, efficiency and hospitality depend on adequate manpower, which cannot be secured last minute. Primas has urged the government to fast-track the intake of foreign workers and recognise the role of the F&B sector as a major revenue earner for the country.

MEA Secy P Kumaran meets Singapore Foreign Affairs Permanent Secy Luke Goh
MEA Secy P Kumaran meets Singapore Foreign Affairs Permanent Secy Luke Goh

Malaysia Sun

timea day ago

  • Malaysia Sun

MEA Secy P Kumaran meets Singapore Foreign Affairs Permanent Secy Luke Goh

New Delhi [India], July 2 (ANI): Ministry of External Affairs Secretary (East) P Kumaran on Wednesday met with Luke Goh, Permanent Secretary (Development) for Foreign Affairs of Singapore, in New Delhi The meeting focused on reviewing ongoing bilateral cooperation, including initiatives in priority areas, for further strengthening the India-Singapore partnership. 'Secretary(East) P. Kumaran met Mr. Luke Goh, Permanent Secretary (Development) @MFAsg Today in New Delhi. The two sides reviewed ongoing bilateral cooperation, including initiatives in priority areas, for further strengthening the India-Singapore partnership,' Ministry of External Affairs spokesperson Randhir Jaiwal wrote on X. The year 2025 marks the 60th anniversary of the establishment of diplomatic relations between India and Singapore. To commemorate this special occasion, President Droupadi Murmu and Singapore President Tharman Shanmugaratnam unveiled a joint logo in New Delhi on January 16, as stated by the MEA. The joint logo incorporates elements: colours from the Indian and Singaporean National flags, the Lotus (National flower of India) & Orchid (National flower of Singapore), and the number 60, highlighting the significant milestone of the 60th anniversary. Overall, the logo reads 'India Singapore 60 years of diplomatic relations'. According to MEA, the placement of these elements symbolises the enduring friendship, mutual trust and shared values between the two countries. India-Singapore cooperation has deepened and diversified over the years. Our bilateral ties are characterised by strengthening political, defence, economic, cultural, educational and people-to-people contacts. 'We share warm and friendly relations, which have provided a firm basis for our expanding cooperation in the fields of advanced manufacturing, connectivity, digitisation, healthcare and medicine, sustainability, and education and skills development,' MEA noted. Singapore is a key pillar of India's Act East Policy and our vision of the Indo-Pacific. For the 60th anniversary of our diplomatic relations, several commemorative events are being planned that reflect the significance India and Singapore attach to the bilateral partnership. (ANI)

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store