KATHMANDU, March 2: The Nepal Electricity Authority (NEA) has pointed out the need for an investment of US $12-13 billion in the energy sector in the next five years to enhance electricity supply for domestic consumption and cross-border electricity trade.

Nepal and Bangladesh held a meeting for cross-border electricity trade on Thursday. This is an icebreaker on the frontline negotiation towards the power trade deal with the third country, apart from India. After Bangladesh formally approached Nepal asking to fix the electricity tariff rates last month, the Himalayan country has proposed to provide electricity produced in Nepal at the tariff between Rs 8.96 per unit and Rs 9.28 per unit.

KATHMANDU, Feb 22: In a bid to materialize its effort to sell domestically produced electricity to third countries, Nepal is finalizing a deal with Bangladesh.