The Nepal government has sold electricity worth 5.43 billion million rupees to India in the first two months of the current fiscal year 2080/81, the NEA has said.
Nepal Electricity Authority (NEA) sold electricity worth Rs 1.95 billion in the Nepali month Shrawan (mid-July to mid-August) and Rs 3.48 billion in the month Bhadra (mid-August to mid-September) to India.
According to the NEA, the electricity has been sold for Rs 8.13 and Rs 12.27 in the month of Shrawan and Bhadra, respectively.
The average selling rate of electricity sold to the southern neighbor in the past two months is put at Rs 10.37.
Nepal has been selling the surplus electricity after consuming in the country during the summer season.
NEA Managing Director Kulman Ghising said the export of electricity to India is contributing to Nepal's foreign exchange reserves and reducing the deficit between the two countries.
The NEA has been selling around 110 MW of electricity to Indian company NTPC Vidyut Vyapar Nigam Ltd (NVVN) through competition in the Day-Ahead Market (DAM) of Indian Energy Exchange Limited (IEX) and a medium-term power agreement reached recently.
The Central Electricity Authority under the Ministry of Power of India has given approval to the Nepal Electricity Authority to export 632 MW of electricity from 522 MW to NVVN in the competitive market and 110 MW to NVVN.
Out of this, 562 MW of electricity is being exported through Dhalkebar-Muzaffarpur 400 KV interstate transmission line and 70 MW through Mahendranagar-Tanakpur 132 KV transmission line.
"We are improving the infrastructure to consume electricity produced within the country, electrification is also underway to deliver electricity to places where electricity is not available," Ghising said, “We are taking initiatives to further expand and fully utilize the international transmission line between the two countries to export electricity in surplus after consumption.
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