Kathmandu: Buoyed by additional rains this year, Nepal is exporting surplus power to India through its power exchange market for the second year in a row. Nepal Electricity Authority (NEA) has said. In November 2021, the Energy Exchange of India under Ministry of Power Nepal was given permission after persistent lobbying from Kathmandu, because NEA The . is now in a position to sell its surplus energy, according to a report by Kathmandu Post Newspaper.
The NEA said Nepal has managed to remain energy surplus this year due to incessant rains in recent months.
“We have started selling 37.7 MW of power to Indian buyers from 12.15 pm on Thursday,” the Post quoted NEA spokesperson Suresh Bhattarai as saying.
Bhattarai said, “We have already sent the proposal to India Energy Exchange (IEX) to sell the equivalent power on Friday as well.”
He said the electricity generated from 24 MW Trishuli and 15 MW Devighat power plants was sold on Thursday.
“The average price of electricity has been maintained at INR 6 per unit,” said Lokendra ShahiAnother NEA officer.
“NEA will earn around Rs 1 crore by selling power on Thursday and the prices may vary on different days,” Shahi said.
This is the second consecutive year that the Himalayan nation is selling electricity to India through its exchange market.
NEA had traded 39 MW generated from the same hydro projects, 24 MW from Trishuli Hydroelectric and 15 MW from Devighat power plant at IEX in November.
Last month, the NEA had invited bids from Indian companies to sell their 200 MW surplus power in the upcoming monsoon season under a long-term power purchase agreement.
During the recent visit of the Prime Minister of Nepal Sher Bahadur Deuba had received approval from the Indian side to export up to 364 MW of power in the Indian energy market to India, Nepal.
IEX under India’s Ministry of Power granted NEA permission to supply an additional 326 MW to be traded in the Indian electricity exchange market.
The additional power supply allowed to India includes 140 MW from Kaligandaki A, 68 MW from NEA-owned. medium hair67 MW from Marsyangdi, and 51 MW from private sector Green Ventures Ltd. 52.4 MW Likhu-4.
The state-owned power utility body said in a statement that it would sell surplus energy from July 1 to November 29.
“We will gradually increase the amount of electricity sold in India,” said Bhattarai, NEA spokesperson.
The Himalayan Times reported in November last year that Nepal has become an energy surplus since the full operation of the 456 MW Upper Tamakoshi Hydroelectric Project in August last year.
The NEA said Nepal has managed to remain energy surplus this year due to incessant rains in recent months.
“We have started selling 37.7 MW of power to Indian buyers from 12.15 pm on Thursday,” the Post quoted NEA spokesperson Suresh Bhattarai as saying.
Bhattarai said, “We have already sent the proposal to India Energy Exchange (IEX) to sell the equivalent power on Friday as well.”
He said the electricity generated from 24 MW Trishuli and 15 MW Devighat power plants was sold on Thursday.
“The average price of electricity has been maintained at INR 6 per unit,” said Lokendra ShahiAnother NEA officer.
“NEA will earn around Rs 1 crore by selling power on Thursday and the prices may vary on different days,” Shahi said.
This is the second consecutive year that the Himalayan nation is selling electricity to India through its exchange market.
NEA had traded 39 MW generated from the same hydro projects, 24 MW from Trishuli Hydroelectric and 15 MW from Devighat power plant at IEX in November.
Last month, the NEA had invited bids from Indian companies to sell their 200 MW surplus power in the upcoming monsoon season under a long-term power purchase agreement.
During the recent visit of the Prime Minister of Nepal Sher Bahadur Deuba had received approval from the Indian side to export up to 364 MW of power in the Indian energy market to India, Nepal.
IEX under India’s Ministry of Power granted NEA permission to supply an additional 326 MW to be traded in the Indian electricity exchange market.
The additional power supply allowed to India includes 140 MW from Kaligandaki A, 68 MW from NEA-owned. medium hair67 MW from Marsyangdi, and 51 MW from private sector Green Ventures Ltd. 52.4 MW Likhu-4.
The state-owned power utility body said in a statement that it would sell surplus energy from July 1 to November 29.
“We will gradually increase the amount of electricity sold in India,” said Bhattarai, NEA spokesperson.
The Himalayan Times reported in November last year that Nepal has become an energy surplus since the full operation of the 456 MW Upper Tamakoshi Hydroelectric Project in August last year.