Nepal supplies Rs 12.72bn worth of electricity to India in Q1 of FY 2024/25

KATHMANDU: Nepal supplied electricity worth Rs 12.72 billion to India in the first quarter of the current fiscal year, according to the Nepal Electricity Authority (NEA).

A total of 1,667,892,000 units of surplus electricity, generated during the rainy season, were exported to India at a rate of Rs 7.63 per unit.

The NEA sells surplus power to the states of Haryana and Bihar through the Day Ahead and Real Time Market of the Indian Energy Exchange (IEX) under a bilateral mid-term electricity sale agreement. Additionally, Nepal has begun supplying power to Bangladesh using India's infrastructure.

NEA Managing Director Kul Man Ghising reported that the exports have remained effective despite severe floods and landslides caused by incessant rains on 27-28 September, which damaged hydropower centres and transmission lines. The 456-megawatt Upper Tamakoshi project has been suspended due to landslide damage.

Other smaller projects have also been affected by the disasters. The Kabeli Corridor Transmission Line was damaged by a flood from the Mai River, leading to the suspension of around 200MW of electricity from various connected projects. This has impacted electricity exports over the past two months and may affect the government's target of supplying power worth around Rs 30 billion in the current fiscal year.

By RSS