Nepal Power Exchange Limited (NPEL) has signed a trading agreement with India’s Manikaran Power Limited.
Under the agreement, NPEL will sell electricity produced by the domestic private sector to India via Manikaran Power Limited. In the initial phase, Nepal will sell 500 MW of electricity to India. As per the agreement, Manikaran Power will invest NPR 300 million which is equivalent to 15 per cent of shares belonging to NPEL. This is for the first time that the private sector of Nepal and India have signed an agreement to facilitate power trading between the two countries.