World Bank approves US$37m loan for India-Nepal power interconnection
The World Bank has approved a US$37m loan for a power interconnection project linking Nepal and India. The India-Nepal Electricity Transmission and Trade Project (NIETTP) will have an interconnection capacity of 1,000 MW and will enable Nepal to import power. A 400 kV line will be laid between Muzaffarpur and Sursand on the Indian border with Nepal and will connect Dhalkebar on the Nepal border. The project is developed by the Cross Border Power Transmission Company Limited (CPTC), a joint venture of IL&FS, Energy Development Company, Power Grid Corporation of India and SJVN. Another interconnection project is under development, between Hetuda, Dhalkebar and Duhabi (Nepal), where it will connect to the existing interconnection line.
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