Nepal to sell surplus electricity in India’s energy exchange market

For the first time, Nepal will sell its   surplus electricity to India at a        competitive rate after New Delhi allowed the neighbouring country to trade its power in the Indian power exchange market, according to media reports.

The Energy Exchange under India’s power ministry on Monday granted permission to Nepal after persistent lobbying from Kathmandu, as Nepal Electricity Authority (NEA) is now in a position to sell its surplus energy, according to a report.

In the first phase, 39MW power-24MW produced by NEA-owned Trishuli hydropower and 15MW Devighat powerhouse-has been permitted for trading in Indian Energy Exchange (IEX). Both projects were developed with India’s assistance.

Following the Indian approval for Nepal to export its electricity, power trade between the two countries has entered a new phase, the report cited Nepal’s ministry of energy, water resources and irrigation as saying.