Signing of the SNA Agreement

The Settlement Nodal Agency (SNA) Agreement was signed between Druk Green Power Corporation Limited (DGPC) and NTPC Vidyut Vyapar Nigam Limited (NVVN), India on December 13, 2022 in Thimphu, Bhutan. Mr. Niteen Subhash Yeola, Deputy Chief of Mission, Embassy of India and Mr. 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 (CERC) had issued the “Cross Border Trade of Electricity Regulations, 2019”.  The regulation requires settlement of grid operation related charges to be settled through the Settlement Nodal Agency (SNA). The GOI have designated NVVN as the SNA for Bhutan while the Royal Government of Bhutan have designated Druk Green Power Corporation (DGPC) to sign the SNA Agreement with NVVN.