Bangladesh-Nepal Joint Steering Committee (JSC) recently emphasized on further cooperation in power sector between the two countries.
The third meeting of the committee was held through video conferencing underscoring the need for greater cooperation between the two countries in the power sector, according to a statement.
It said Bangladesh Power Secretary Md Habibur Rahman and Nepalese Power, Water Resources and Irrigation Secretary Devendra Karki led the JSC on behalf of their respective sides.
The JSC meeting had a fruitful discussion on the huge potential for setting up hydropower plants in Nepal and the need for electricity in both countries, the statement added.
According to variation of seasons the demand for electricity in the two countries and the issue of mutual electricity trade were considered at the meeting.
The JSC discussed possibility of investing in hydropower plants in Nepal and the investment of Bangladesh's private sector for power generation in Nepal.
The Nepalese government identified five potential hydropower projects there and a decision will be taken after the ongoing survey of those projects and then Bangladeshi investors will have the opportunity for investment, the meeting was told.
Two separate joint technical teams (Generation) and joint technical team (Transmission) comprising representatives of both the countries were working to identify potential projects for financing and joint implementation of power plants in Nepal.