Bangladesh-Nepal Energy Cooperation: Harnessing the New Opportunities

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The Ukraine war has shown the world the urgency of enabling alternative sources of energy. There are major powers in the western part of the world that are suffering heavily due to the global energy crisis. Bangladesh is not an exception. The country has a high degree of resilience in the energy sector. But the current global instability in the energy market has also facilitated the crisis to Bangladesh. Here Bangladesh is in search of newer opportunities and Nepal can be a handy option. The newly appointed Nepalese Ambassador to Dhaka urged to make cooperation in the energy sector with Bangladesh. He expressed his views with the prime minister of Bangladesh.

The relationship regarding energy cooperation between the two states has gained a structure over the past few years. With the ratification of an energy cooperation agreement to regulate investment, development, and trade in hydroelectricity between the two nations in August 2018, the bilateral relationship between Bangladesh and Nepal gained fresh momentum. By 2040, Bangladesh would import up to 9,000 MW of hydropower from Nepal according to this agreement. A Joint Working Group (JWG) to enhance collaboration and a Joint Steering Committee (JSC) to assess the JWG’s progress were also established by the agreement. The two committees’ tasks include holding frequent meetings and accelerating the agreement’s implementation. The JWG has held numerous rounds of deliberations, while the JSC has held two meetings. Even there was talk for a tripartite agreement that includes India going on to give the cooperation an effective momentum.

– Syed Raiyan Amir is a Research Associate at the KRF Center for Bangladesh and Global Affairs (CBGA). Previously, he served as a Research Assistant at United Nations Office on Drugs and Crime (UNODC) and International Republican Institute (IRI).

Published in Modern Diplomacy [Link]