Nepal, India plan setting up energy bank

KATHMANDU: India and Nepal are planning to setting up an energy bank so that they can help each other to overcome the problem of power shortage .

The proposal was discussed at a meeting of the India-Nepal Joint Standing Committee, a bilateral technical mechanism on water resources, power and irrigation projects, which concluded yesterday.

The two countries have conducted informal discussions regarding the energy bank before, but this is the first time that Nepal has made a formal proposal, Kathmandu Post reported.

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