Kathmandu: India’s New and Renewable Energy Minister Farooq Abdullah has said India is ready to buy electricity from hydropower-rich Nepal to reduce its trade deficit. Speaking at a function in Kathmandu, he said, both sides will be in a win-win situation if they cooperate to harness Nepal’s hydropower potential.
Mr. Abdullah said, Nepal can reduce trade deficit with India by selling energy to it. Nepal and India are already cooperating in the construction of dams on Bagmati, Kamala and Lalbakaiya rivers.