A memorandum of understanding was signed on Friday to boost energy cooperation between Bangladesh and Nepal.
Bangladesh's state minister for power, energy and mineral resources Nazrul Hamid and Nepal's energy, water resources and irrigation minister Barshaman Pun Ananta signed the MoU on behalf of their respective governments.
Under the MoU, Bangladesh would import 500MW hydropower from Nepal.
The memo would facilitate lower import, shared investment in power sector and popularisation of solar energy technology, said a news release issued by the concerned ministry of Bangladesh.
Duiring the signing ceremony, Nazrul said Bangladesh would need to import 9000MW power to meet increased energy demand in 2041.
Barshaman said Nepal considered Bangladesh as a role model of power sector development.
Energy, water sources and irrigation secretary of Nepal Anup Kumar Upadhyay, Nepal Power Development director general Nabin Raj Singh, Bangladesh high commissioner in Nepal Mashfi Binte Shams, power division joint secretary Fayezul Amin and IPP Cell director Mahbubul Alam were present.
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