Nepal export electricity worth nearly Rs 2 billion to India

On July 17, 2022, the National Energy Province (NEP) bought coal from a neighboring country for Rs 2 crore in the first quarter of the current fiscal year, 2022/23. In one quarter of the current fiscal year, the Nepal Energy Authority (NEA), a state-owned power utility, sold excess power worth Rs 242 crore to Rs 1.83 crore in India, where south-east power demand is highest, according to the NEA. Work is now underway to generate another 111 megawatts of electricity.

During the previous fiscal year, 2021-2022, it earned a total of Rs 16.1 billion from energy sales; however, during the current fiscal year, energy export revenues remained at Rs 59 million per day during the Nepalese month of Shrawan. Since June 2, 2022, NEA has been trading surplus monsoon energy on the Indian Energy Exchange Limited’s (IEX) Day-Ahead Market. @nepalnews.com/s/nation/nea-exports-power-to-India, worth Rs 2 billion.

The Central Energy Authority, part of the Indian government’s Ministry of Power, has submitted an application to the authority to sell electricity from four hydroelectric projects to IX through a partnership through a competitive bidding process. The global export of cigarettes is subject to approval by the Central Energy Authority.

The authorities have agreed to export 111.8 megawatts of electricity, including 42 megawatts from the Mistrikhola power plants, 24.2 megawatts from the Likhukhola ‘A’ power plants, 23.5 megawatts from the Solukhola power plants, and 22.1 megawatts from the Chilime power plants.

Energy cooperation between India and Nepal has recently accelerated. Energy cooperation was a key topic of discussion during an in-depth review of bilateral cooperation between Nepalese Foreign Minister Bharat Raj Paudyal and his Indian counterpart Vinay Mohan Kwatra in mid-September. The meeting also addressed the issue of exporting Nepal’s surplus energy to India.

One of the key areas the two countries have prioritized in recent months is cooperation in the energy sector. The Joint Vision Statement on Energy Cooperation between Nepal and India was adopted during Nepalese Prime Minister Sher Bahadur Deuba’s visit to New Delhi in April last year.

After the country’s largest hydropower project, the 456-megawatt (MW) Tamakoshi hydropower project, started producing electricity in July, Nepal, which has been plagued by prolonged power shortages, has started producing excess electricity. It was only last November that Indian officials allowed Nepal to sell its power to the Indian market through a bid. So far, India has also proposed that Nepal export 364 MW of six hydropower projects.

Dordi 11.64 MW, Mayakhola 11.4453 MW, Piluwa 9,991 MW, Khare Lower 10.67 MW, Khimti Upper 11.64 MW, Khimti Upper-2, 14.4 MW Modi, 149 MW So. The Dudhkunda Irrigation Project is one of the projects. In Haryana, 125.89 MW will be generated from Likhu-2 50.89 MW and Likhu-1 75 MW projects and will be sold.