First Business News Portal in English from Nepal
KATHMANDU: The government is readying to allow the private sector to trade electricity abroad within a month and a half.
Minister for Energy, Water Resources and Irrigation Pampha Bhusal has said that a procedure is being prepared to allow the private sector to trade electricity and the work will be completed within one-and-a-half months.
In a meeting with the delegation of the Confederation of Nepalese industries (CNI) led by its president Vishnu Kumar Agrawal on Friday, Minister Bhusal informed that the working procedure was being prepared with the intention to facilitate the private sector for inter-country electricity trade.
“We want to involve the private sector in electricity exports,” she said, adding, “We will not allow electricity to be imported. You have to find a destination and export it.”
She informed that the government would prepare procedures to enable the private sector to sell electricity directly in the international market. “We will prepare procedures to facilitate those who generate and sell electricity themselves,” she said.
She said that the private sector should be involved not only in power generation but also in transmission and that the government would take special initiative to export electricity to Bangladesh.
Minister Bhusal added that the private sector should also look for a market in India as it is the main market for electricity generated in Nepal.
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