Government Explores Joint 683 MW Hydropower Project with Nepal

Bangladesh is currently reviewing a proposal to construct a 683-megawatt hydropower plant jointly with Nepal, according to Iqbal Hassan Mahmud, Minister for Power, Energy and Mineral Resources.

He made this statement in response to a starred question tabled by Fahima Nasrin, a ruling party member from a reserved women’s seat, in Parliament on Monday (June 22).

Read More:  Who controls an AI wallet’s spending?

The Power, Energy and Mineral Resources Minister elaborated that the joint construction of this 683 MW hydropower plant is under consideration with the objective of importing more hydropower from Nepal.

He further informed that Bangladesh is currently importing 40 megawatts of hydropower from Nepal as part of ongoing energy cooperation.

Read More:  MetaMask and Consensys split exposes the gap between Ethereum adoption and ETH demand

Hasan Mahmud added that if any legal framework or measures are required in the future concerning the regional hydropower sector, the necessary steps would be taken accordingly.

Facebook Comments Box

Related

US Bank moves USBDC across borders on Stellar, but only inside its own walls

U.S. Bank has completed a live cross-border payment pilot...

Banks get cross-exchange crypto hedge relief under Canada’s new 2027 capital rule

Canada’s banking regulator has finalized a narrow change to...

Bitcoin Price Spikes, Shrugs Off Hot US Inflation Data

Bitcoin’s price rose on Friday — despite data revealing...

Coinbase CEO sees Bitcoin at $400,000, but first it has to clear $81,000

Coinbase CEO Brian Armstrong says Bitcoin’s latest bottom is...