Nepal exported electricity worth Rs 16.93 billion to India in FY 2023/24

Published On: July 29, 2024 08:05 AM NPT By: Republica | @RepublicaNepal

KATHMANDU, July 29: Nepal exported electricity worth Rs 16.93 billion to India in the last fiscal year 2023/24.

The Nepal Electricity Authority (NEA) made an income of Rs 16.93 billion by exporting 1.94 billion units of electricity to India in the last fiscal year.

NEA has been selling the surplus power at Indian Energy Exchange's day ahead and real time markets at competitive rates as well as to the Indian company NTPC Vidyut Vyapar Nigam Limited as per mid-term power agreement.

The NVVN has been selling the power to India's Haryana state. Average rate of exported power is Rs 8.72 per unit.

Meanwhile, Nepal imported energy worth Rs 16.81 billion in the last fiscal year, according to the NEA. Around 183 billion units of electricity was imported from India to meet the high demand of electricity at home during winter when the electricity production decreases due to lack of water flow in rivers across the country.

The average rate of power imported during the winter season is Rs 9.17 per unit. Power more than Rs 122.3 million was exported to India as compared to import in the last fiscal year.

Nepal had imported power worth Rs 19.44 billion in the fiscal year 2022/23 while electricity worth Rs 10.45 billion was exported then.

Managing Director of the NEA, Kulman Ghising said even though power should be imported to fulfill the domestic demands for a few months of winter till next few years, the volume of export will increase.