First Business News Portal in English from Nepal
KATHMANDU: Nepal is set to export 39-MW of electricity to India from midnight tonight. Nepal Electricity Authority (NEA) has said that the domestic demand-backed electricity will be sold at a maximum of INR 12 (Rs. 19 rupees 20 paisa) per unit, minimum 2.5 INR (4 rupees) and an average of 7.20 IC (Rs 11.52).
“From today, we will be able to sell electricity from Trishuli Devighat Hydropower in the competitive market of India, taking into account all the internal consumption of Nepal,” said Kul Man Ghising, Managing Director of NEA.
In India’s energy exchange market, the price of electricity is automatically fixed every 15 minutes.
From the second week of June, the NEA had estimated that the domestic demand would be fully met and the sales would be surpassed. Due to the shortage of coal in India, the demand for electricity is high at night. Demand and supply automatically determine the price in a competitive market.
In western Nepal, imports are made during the day and exports at night. As the Bharatpur-Bardaghat 220 kVA transmission line is not completed, the electricity from the eastern side does not go to the western side of the country.
Your email address will not be published. Required fields are marked *
Save my name, email, and website in this browser for the next time I comment.
© Copyright 2020. FiscalNepal.com. Website Design and Developed by Genesis Web Technology