Nepal Electricity Authority has offered to sell an additional 111 MW of surplus electricity to Indian Energy Exchange Limited through competition. A proposal to this effect has already been forwarded to the Central Electricity Authority, India for the sale of the electricity produced through four hydropower plants: Mistrikhola, Likhukhola, Solukhola and Chilime hycropower, according to Pradeep Thike, deputy Managing Director of the NEA.
NEA would be able to export additional power to India after getting permission from the Central Electricity Authority of India. At the moment Nepal has been exporting 364 MW electricity to India through open competition. Electricity worth nearly Rs 1.84 billion has been exported to India in the first month of the current fiscal year 2022/23. According to Nepal Electricity Authority sources, NEA has exported electricity worth Rs 1.84 billion between the period of mid-July to mid-August of the current FY. According to NEA, it started selling surplus electricity in the day-ahead market of Indian Energy Exchange Limited (IX) at competitive rates starting from June 2. In the beginning, Nepal had exported 39 megawatts of electricity produced by two power plants to Indian Energy Exchange (IX) on a daily basis. Since June 10, 364 megawatts of electricity produced by six hydropower plants have been sold daily in the Indian market at a competitive rate.