This is also the first time that electricity generated from the private sector is being sold in India’s electricity exchange market.
This is also the first time that electricity generated from the private sector is being sold in India’s electricity exchange market.
Nepal has started exporting a total of 364 MW of electricity approved to India through its electricity exchange market.
Buoyed by incessant rains this year, the Himalayan nation is exporting surplus power to India through its electricity exchange market for the second year in a row, according to Nepal Electricity Authority (NEA), the state-owned power utility body.
According to Pradeep, the state-owned entity is now selling 37.7 MW from Trishuli and Devighat Hydroelectric Projects, 140 MW from Kaligandki Hydroelectric Project, 68 MW from Madhya Merseongdi, 67 MW from Marseangdi and 51 MW from Likhu-4 developed by the private sector. has been Thicke, Deputy Managing Director of NEA.
The NEA began selling electricity generated by Trishuli and Devighat on June 2, the country’s power plants producing surplus energy due to rising water levels in rivers where hydroelectric power plants are located.
A total of 364 MW, generated by the six projects for export from Indian authorities, is now being sold to India, after the NEA began selling 51 MW of power from Likhu-4 in the Indian market from Friday.
This is also the first time that electricity generated from the private sector is being sold in India’s electricity exchange market.
“Nepal is getting an average of Rs 7.14 per unit for Friday,” NEA officials said.
“Being able to sell the entirety of surplus power generated for export with the approval received from India is a milestone for the country’s electricity business,” NEA said in a press statement.
NEA is working with Indian authorities to sell surplus power in the Indian market in the near future.
Meanwhile, issuing a statement, Nepal’s Independent Power Producers Association (IPPAN) welcomed the move of NEA to export surplus power generated during the rainy season to India.
Nepal needs to explore the Indian market to sell an additional 636 MW of power, which will be surplus during the rainy season, IPPAN reported.
According to the statement, Nepal will get Rs 4.78 billion from selling 364 MW of electricity to India from June to the end of November.