The government of Nepal has given its nod to the Nepal Electricity Authority (NEA) to trade electricity with Bangladesh and India.

It is mandatory for the NEA to get the approval of the government for inter-country electricity trade, reports The Himalayan Times.

Minister of Energy, Water Resources and Irrigation Barshaman Pun said the Cabinet meeting on Monday had given the approval to sell electricity to India and Bangladesh when the domestic production was high and to import electricity from the neighbouring countries when the production was low. With the government’s approval, the NEA will now be able to buy and sell electricity at competitive price.

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