Electricity Authority exports power worth over 5 billion to India in two months

KATHMANDU, Sep 21: Nepal Electricity Authority (NEA) exported power worth over Rs 5.43 billion to India in the first two months of the current fiscal year. 

In Shrawan, (July 17- August 17), the first month of the current fiscal year, NEA supplied electricity worth around Rs 1.95 billion and the export amounted to 3.48 billion in the following month of Bhadra (August 18 - September 17).  

The monthly average selling price was Rs 8.13 per unit and Rs 12.27 per unit respectively and the average rate of two months is Rs 10.37 per unit. 

The NEA supplies the surplus power in rains to India on the Day-Ahead Market (DAM) of Indian Energy Exchange Limited (IEX). Around 110 megawatts of electricity has been exported to the Indian company NTPC Vidyut Vyapar Nigam Limited as per the mid-term electricity agreement. 

The Central Electricity Authority under the Ministry of Power, India has allowed the import of 632 megawatts of electricity from Nepal.

NEA Managing Director, Kulman Ghising, said the power trade relations between the two nations have contributed to the foreign exchange reserve, reducing a huge trade deficit Nepal experiencing with India.