Nepal proposes selling an additional 222 MW of electricity to India – EQ Mag Pro
Kathmandu : Nepal has proposed selling an additional 222 MW of electricity to India as it is facing losses of up to 800 MW daily due to increasing electricity generation within the Himalayan nation and decreasing domestic demand.
In June, Nepal started exporting the total approved 364 MW of electricity to India through its power exchange market.
Buoyed by surplus rainfall this year, Nepal is exporting surplus electricity to India through its power exchange market for the second consecutive year, according to the state-owned power utility body, Nepal Electricity Authority (NEA).
“We are facing from 400 to 800 MW as losses due to increasing electricity generation within the country and decreasing domestic demand,” said Pradeep Thike, Deputy Managing Director of NEA.
“We have asked the Indian authority for the approval of exporting an additional 222 MW of electricity for the last two months, but have not got any response from them,” he said.
By selling 364 MW electricity to India from June to November end, Nepal will receive Rs 4.78 billion, according to the NEA.
Electricity worth nearly Rs 1.84 billion has been exported to India in the first month of the current fiscal year.
NEA started selling surplus electricity in the day-ahead market of Indian Energy Exchange Limited (IX) at competitive rates from June 2.
Nepal became an energy surplus country ever since the 456MW Upper Tamakoshi Hydropower Project came into full operation in August last year, the Himalayan Times report said in November last year.
Source: PTI
Related posts:
- FMO, CDC Group, Swedfund, And IFC Participate In First Close Of Nepal-focused Dolma Impact Fund II
- SJVN signs papers to get Rs 6,333 cr loan for Arun-3 hydro project in Nepal – EQ Mag Pro
- Nepal begins selling 177 mw energy to India via power exchange market – EQ Mag Pro
- NHPC inks MoU with PTC India Limited for sale of power to be generated from upcoming West Seti & Seti River-6 Projects in Nepal – EQ Mag Pro