The Settlement Nodal Agency (SNA) Agreement was signed between DGPC and NTPC Vidyut Vyapar Nigam Limited (NVVN), India, on December 13, 2022, in Thimphu. Niteen Subhash Yeola, Deputy Chief of Mission, Embassy of India, and Karma Tshering, Secretary, Ministry of Economic Affairs, along with senior officials were present during the signing.
As per the “Guidelines for Import/Export (Cross Border) of Electricity 2018” issued by Ministry of Power, Government of India (GoI), the Central Electricity Regulatory Commission had issued the “Cross Border Trade of Electricity Regulations, 2019”. The regulation requires settlement of grid operation related charges to be settled through SNA. GoI have designated NVVN as the SNA for Bhutan while the Royal Government of Bhutan have designated DGPC to sign the SNA Agreement with NVVN.