Kathmandu, July 28: Nepal exported electricity worth Rs 16.93 billion to India in the last fiscal year 2023/24.
The Nepal Electricity Authority (NEA) made an income of Rs 16.93 billion by exporting 1.94 billion units electricity to India last fiscal year.
NEA has been selling the surplus power at Indian Energy Exchange’s day ahead and real time market in competitive rate as well as to Indian company NTPC Vidyut Vypar Nigam Limited as per mid-term power agreement.
The NVVN has been selling the power to India’s Haryana state. Average rate of exported power is Rs 8.72 per unit.
Power worth Rs 16.81 billion was imported to Nepal last fiscal year, according to NEA. Around 183 billion units of electricity was imported from India to meet the high demand of electricity at home during winter season after power production decreases from hydropower projects in lack of water flow in rivers and rivulets across the country.
The average rate of power imported during winter season is Rs 9.17 per unit. Power more than Rs 122.3 million was exported to India as compared to import last fiscal year.
Nepal had imported power worth Rs 19.44 billion in the fiscal year 2022/23 while electricity worth Rs 10.45 billion was exported.
Executive Director of NEA, Kulman Ghising said even though power should be imported to fulfill the domestic demands for few months of winter season till next few years, the volume of export will also increase.
