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Nepal's Power Trade and Energy Exchange Limited (PTEEL), India's Energy Edge Power Trading Co. Ltd., and Nangia LLC signed a Memorandum of Understanding (MoU) to enhance cross-border power trading and renewable energy projects.

The MoU aims to facilitate power trade, jointly develop hydropower and solar projects in Nepal, and explore innovative financing mechanisms. The companies will exchange technical expertise and market intelligence, ensuring regulatory compliance for efficient operations. This collaboration is expected to boost Nepal's renewable energy capacity and strengthen energy connectivity with India.