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India and Nepal signed an agreement for cooperation in renewable energy

Published on January 05, 2024
Current Context: India and Nepal have signed a long-term agreement for the export of 10,000 MW  power to India and a Memorandum of Understanding (MoU) for cooperation in renewable energy on 4th January 2024 in New Delhi.
India and Nepal signed an agreement for cooperation in renewable energy
  • The agreement was signed by India’s Energy Secretary Pankaj Agrawal and his Nepal counterpart Gopal Sigdel.
  • The two countries have agreed to expand cooperation in the power and energy sector under the BBIN (Bangladesh, Bhutan, India, and Nepal) framework.
  • This includes joint development of power generation projects in Nepal, development of cross-border transmission infrastructure, and bi-directional power trade with appropriate access to electricity markets in both countries based on mutual benefits, market demand, and applicable domestic regulations of each country.
  • They also agreed to make renewable energy production, particularly hydropower, a cornerstone of their energy partnership.

Question:

Q.1 When was the agreement for cooperation in renewable energy between India and Nepal signed?
a. January 1, 2024
b. January 4, 2024
c. January 7, 2024
d. January 10, 2024

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