KATHMANDU, Dec 8: Nepal Electricity Authority (NEA) has exported electricity worth Rs 12.5 billion to India in the past four months.
This, according to the authority, is Rs 4.63 billion more than what it exported to India during the same period last year.
Since the last fiscal year, Nepal has been selling surplus electricity to India during the monsoon period. The NEA said it has exported electricity worth Rs 14.5 billion to India since May this year.
The NEA has been actively exporting surplus electricity to India that is saved during the rainy season, after meeting domestic demands.
Approximately 110 MW of electricity has been sold to India through competitive channels in the day-ahead market of the Indian Energy Exchange (IEX), as well as under the medium-term power agreement.
Nepal is exporting electricity to India through the Central Electricity Authority (CEA). The CEA has authorized Nepal to sell 44 MW of electricity in the real-time market. It is part of the initially approved 522 MW allocated for export to the competitive market.
Nepal plans to export around 10,000 MW of electricity to India over the next 10 years.