Nepal, India plan energy bank

Kathmandu: India and Nepal are planning to set up an energy bank so that they can help each other overcome power shortage. The proposal was discussed at a meeting of the India-Nepal Joint Standing Committee, a bilateral technical mechanism on water resources, power and irrigation projects, on Friday. As per the energy bank concept, Nepal would export power to India in summer and import power from India in winter when output drops sharply resulting in crippling power shortages. — PTI