Nepal and China are likely to sign an agreement on energy coordination later this month when Prime Minister KP Sharma Oli will pay a state visit to the northern neighbour.
Likewise, the Nepal Government is also preparing to sign another agreement to prepare the detailed project report for Galchhi-Kyirong-Rasuwagadhi intercountry transmission line.
The Ministry of Energy, Water Resources and Irrigation has sent the proposal to the Council of Ministers about making the agreements.
Separate committees will be formed after the agreements at secretarial and joint secretarial levels that will help in facilitating the investment.
Former Foreign Affairs Minister Krishna Bahadur Mahara had made the preliminary agreement on energy coordination in 2017.
“Prime Minister Oli will finalise the agreement and give it a full shape during his China visit on June 19,” informed Joint Secretary at the Ministry, Dinesh Ghimire.
The agreement will be reached after getting the green signal from the Cabinet.
The executive head of the country had taken the step to construct the transmission line during his tenure earlier. The feasibility study about making the 400-kv transmission line has completed.
Meanwhile, the government has also sent a list of projects asking the Chinese government to incorporate them in One Belt One Road project.
The Ministry of Energy has proposed the Chinese government to include seven water projects including Kimathangka Arun, Tamor, Sunkoshi 2 and 3, Nalagad, Phukot Karnali and Naumore.
