Industry

The Nepal Electricity Authority (NEA) has exported electricity worth approximately Rs 2 billion to neighbouring India in the first month of the current fiscal year, 2022/23 beginning July 17, 2022.

The NEA, the state-owned power utility in Nepal, traded surplus power of over 242 million units worth Rs 1.83 billion to India where power demand in monsoon is higher, in one month of the current fiscal year, said the NEA.

Furthermore, NEA is planning to export additional 111 megawatts worth of electricity to India.

NEA officials, including Managing Director Kulman Ghising, announced during NEA’s 37th-anniversary function last week that the state utility would be earning more profits once several under-construction hydroelectricity projects come online in the near future.

While it earned a total of Rs 16.1 billion in profits from the sale of electricity in the previous fiscal year, 2021/22, the profits from power export stood at Rs 59 million in the Nepali month of Shrawan (July-August) on a daily basis.

The NEA started trading surplus energy from monsoon on the Day-Ahead Market of the Indian Energy Exchange Limited (IEX) on June 2, 2022.

In the first place, power was traded with the IEX based on 39 megawatts from two power houses in Nuwakot.

Thereafter, 364 megawatts of electricity trade took place from June 10, 2022 on a daily basis at competitive rates based on electricity generated from various six power houses in the country.

Power exports took place through the 400 kV Dhalkebar-Muzaffarpur transmission line. In the previous fiscal, the NEA exported power worth Rs 3.8 billion.

(With RSS inputs)