New Delhi, Oct 29 (IANS) India and Nepal on Wednesday signed agreements to incorporate two joint venture entities for the development of high-capacity cross-border power transmission lines between the neighbouring countries.

The joint venture and shareholders’ agreements were signed here between Powergrid, a Maharatna Central public sector enterprise of India, and the Nepal Electricity Authority (NEA) in the presence of Union Power Minister Manohar Lal and Nepal’s Energy, Water Resources and Irrigation of Nepal, Kulman Ghising.

The agreements provide for the incorporation of two joint venture entities — one in India and one in Nepal — for setting up cross-border power transmission infrastructure.

The proposed transmission system projects include the development of the Inaruwa (Nepal)–Ne

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