PowerGrid and Nepal Electricity Authority have formalised joint ventures to build high-capacity India–Nepal 400 kV transmission links strengthening regional power exchange.

Nov 24, 2025

State-run Power Grid Corporation of India Ltd (POWERGRID) has signed two Joint Venture & Shareholders’ Agreements (JV&SHA) with the Nepal Electricity Authority (NEA) for the execution of strategic cross-border transmission projects.

Watch: Top Cable Companies in India

As part of the collaboration, two Joint Venture Companies will be created, one in India and one in Nepal, to construct 400 kV Double Circuit (Quad Moose) transmission lines on both sides of the border. The planned projects include the Inaruwa (Nepal) – New Purnea (India) transmission link and the Lamki (Dododhara) (Nepal) – Bareilly (India) corridor, designed to enhance regional energy cooperation and ensure reliable, high-capacity cross-border power flows.

Equity participation will differ across the two JVCs. For the Indian JVC, POWERGRID will hold 51% and NEA will hold 49%. In the Nepal JVC, NEA will hold 51% and POWERGRID will hold 49%.

Board composition has also been finalised: the Indian JVC Board will include five directors — three nominated by POWERGRID and two by NEA. For the Nepal JVC, NEA will nominate two directors and recommend one independent director, while POWERGRID will nominate two.

Also Read: Maiden Forgings Secures First B2G Order from HAL

These projects form a vital component of the expanding India–Nepal energy partnership, aimed at boosting power exchange capabilities and strengthening grid reliability across the South Asian region.