Official Spokesperson for the MEA, Randhir Jaiswal said, "Reiterating India's commitment towards India-Nepal Development cooperation. Neighbourhood First policy."
The two new 400 kV (kilovolt) transmission projects, Inaruwa (Nepal)-New Purnea (India) and Lamki (Dododhara) (Nepal)-Bareilly (India), will enable faster, more reliable power exchange between the two countries.
The conference, spearheaded by the Power Grid Corporation of India Limited (POWERGRID), a 'Maharatna' company under the Ministry of Power, Government of India, sought to explore the potential of cross-border energy connectivity and collaboration, read the Ministry of Power press release.
This is the first cross-border energy pipeline between India and Bangladesh, built at an estimated cost of Rs 377 crore, of which the Bangladesh portion of the pipeline was built at a cost of approx. Rs 285 crore, has been borne by the Govt of India under grant assistance, read Prime Mini