Multiple agreements has been reached between Nepal and India in the ongoing India visit of Prime Minister Pushpa Kamal Dahal 'Prachanda'.
An agreement has been reached for the construction of two petroleum pipelines-- from Siliguri of India to Jhapa, Nepal; and from Amalekhgunj of Bara to Lothar of Chitwan would be constructed for easy and smooth supply of petroleum products.
The government of Nepal has put the construction of petroleum pipeline in top priority in order to reduce huge chunk of money the country has been spending in supply of petroleum products.
India would provide around Rs 17 billion for the same. Two petroleum pipeline projects would be constructed while it while Nepal has to construct a storage facility in Jhapa at its own investment.
According to NOC, the distance of Amalekhgunj-Lothar pipeline is 62 kilometer while Siliguri-Jhapa pipeline is 50 kilometer. The capacity of Jhapa storage facility would be 42,000 kilolitres and of Lothar terminal 103,150 kilolitres.
Similarly, new Butwal-Gorakhapur Transnational Transmission Line between Nepal and India has been formally launched. Nepal and India will have an equal share of 50/50 percent in the 400 KV transmission line. This is the second high-capacity cross-border power project between the two close neighbours. The project will be implemented under a company model.
The process for the construction of the transmission line has been already initiated and aimed to be completed within the next three years, according to NEA Managing Director Kulman Ghising . The NEA and Power Grid Corporation of India Limited (POWERGRID) are jointly working on the project.
Also, Satluj Jal Vidyut Nigam, a hydropower producing company of India, is to construct the Lower Arun hydropower project in Nepal. A bilateral agreement was made to this regard today. The company has also been constructing the Arun-III hydropower project.
The entire power produced from the project will be exported. The Investment Board had approved the investment of Rs 92.68 billion for the 669-MW capacity project.
During the visit, an agreement related to inter-state electronic payment has been signed between Nepal and India.
The agreement was signed between Nepal Clearing House of Nepal and NPCI of India to pave ways for easy transaction and payment.
With this, the payment would be made by scanning QR code, which largely relives Nepalis travelling to India, from the problems of payment.