Buoyed by surplus rainfall this yr, Nepal is exporting surplus electrical energy to India by means of its energy change marketplace for the second consecutive yr, state-owned energy utility physique, the Nepal Electricity Authority (NEA) has stated.
In November 2021, the Energy Exchange underneath India’s Power Ministry had granted permission to Nepal after persistent lobbying from Kathmandu, because the NEA is now ready to promote its surplus vitality, in keeping with a report in The Kathmandu Post newspaper.
The steady rainfall in latest months is the explanation why Nepal has managed to stay vitality surplus this yr, the NEA stated.
“We have started selling 37.7MW of electricity to Indian buyers starting from 12.15am on Thursday,” the Post reported, quoting NEA spokesperson, Suresh Bhattarai.
“We have already sent a proposal to India Energy Exchange (IEX) for selling equivalent power on Friday also,” Bhattarai stated.
Power generated from the 24MW Trishuli and 15MW Devighat energy vegetation have been offered on Thursday, he added.
“The average price of the electricity has been maintained at INR 6 per unit,” stated Lokendra Shahi, one other NEA official.
“The NEA will earn around Rs10 million by selling electricity on Thursday and prices may vary on different days,” Shahi stated.
This is the second yr in a row that the Himalayan nation is promoting electrical energy to India by means of its change market.
NEA had traded 39 MW energy generated from the identical hydropower initiatives, 24 MW from Trishuli hydropower and 15 MW from Devighat powerhouse, within the IEX in November.
Last month, NEA had invited bids from Indian firms to promote its 200MW surplus vitality within the upcoming monsoon season underneath a long-term energy buy settlement.
During the latest go to of Nepal Prime Minister Sher Bahadur Deuba to India, Nepal had obtained approval from the Indian aspect to export as much as 364 MW of electrical energy to the Indian vitality market.
The IEX underneath India’s Power Ministry had granted NEA permission to provide further 326 MW to be traded within the Indian energy change market.
The permission for extra energy provide to India contains 140 MW from NEA-owned Kaligandaki A, 68 MW from Madhyamsryandi, 67 MW from Marsyangdi, and 51 MW from personal sector Green Ventures Ltd 52.4 MW Likhu-4.
The state-owned energy utility physique stated in a press release that it will promote surplus vitality from July 1 to November 29.
“We will gradually increase the quantity of power to be sold in India,” NEA spokesperson Bhattarai added.
Nepal grew to become an vitality surplus ever because the 456MW Upper Tamakoshi Hydropower Project got here into full operation in August final yr, the Himalayan Times report stated in November final yr.
Source: www.financialexpress.com”