Nepal started to export electricity to India through its power exchange market last week to strengthen cross-border collaboration. The Nepal Electricity Authority (NEA) spokesperson Suresh Bhattarai confirmed selling the surplus energy to the Indian market.
In an interview, he said, “We started selling 37.7MW of electricity to Indian buyers starting from 12.15 am on Thursday”. The electricity produced from the 15MV Devighat and 24MW Trishuli power plants was sold on Thursday.
The NEA earned Rs.10 million through its sale of electricity on Thursday by keeping the average price of Rs, 6 per unit. The nation is selling electricity to India for the second year in a row through its exchange market from its same two projects in November last year.
NEA called Indian companies for a bid last month to sell its 200MW surplus energy under the long-term power purchase agreement. The sale of the surplus energy will be from June 1 to November 29. Meanwhile, India allowed 346MW sales in the open market which Nepal aims to increase in the future.
Nepal’s hydel power installations produced excess power post the monsoon season, enabling the Nepal Electricity Authority to sell the excess power.