Nepal starts exporting surplus energy to India through power exchange market

Reportedly, Nepal has started selling 177.7 MW of energy to India through the power exchange market.

India had recently allowed Nepal to sell an additional 364 MW of electricity.  Nepal is selling at Rs 7.04 per unit and sold electricity to Indian Energy Exchange Limited (IEX) in 96 different blocks. The highest price for Nepal’s electricity has been maintained at Rs 12 per unit and the lowest price at Rs 1.49 per unit. Nepal is now selling electricity to India through its exchange market for the second year in a row. In May 2022, Nepal Electricity Authority (NEA) called bids from interested Indian companies to procure surplus energy upto 200 MW from Nepal, which is in consideration.

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