India has completed and handed over to Nepal a 22 kV power transmission line, a cross-border economic initiative under India’s Neighbourhood First policy.
The 106-km Koshi Corridor transmission line, costing NPR 10.40 billion (USD 86.8 million) is being built under Government of India’s Line of Credit of USD 550 million, extended by the EXIM Bank of India. The package 1 of this project, worth NPR 4.5 billion (USD 37.3 million), was executed by Kalpataru Power Transmission Limited (KPTL) and handed over to Nepal Electricity Authority after successful completion and charging of the line. Once the remaining two packages are completed, the project will ensure smooth evacuation of power from the generation projects totalling about 2,000 MW coming up in the Arun and Tamor river basins.