Nepal and India are close to finalizing the regulatory modality for allowing Nepali power producers access to the Indian power market, according to the statement of the 8th joint steering committee meeting on cooperation in power sector held on Friday.

The statement said that once the regulatory modality is finalized and signed between the two countries, it would provide an outlet for Nepal’s surplus power in the coming months.

The power and energy secretaries of Nepal and India co-chaired the meeting through video conferencing on Friday.

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