On the eve of August 19 2024, India-Nepal energy relations achieved a significant milestone when Nepal agreed to export nearly 1,000 MW of electricity to India to India for the first time in history. Interestingly, despite possessing huge hydropower potential, Nepal had been grappling with acute power shortages and frequent blackouts until a few years ago and was dependent on power imports from India. The previously slackening hydropower sector has transformed remarkably, leading to record energy production levels. This turnaround has also rejuvenated the Indo-Nepal energy ties, which had historically lagged behind expectations, signalling a new phase of enhanced collaboration, making it necessary to dive into the details of energy ties between both countries to understand the significance and challenges of this promising sector in their bilateral relationship....