Nepal's Power Exports to India Get a Boost with Additional 251 MW Approval
Nepal's power exports to India have received a significant boost with the approval of an additional 251 MW of electricity exports from 12 hydropower projects.
NepalIndiaPower ExportsHydropowerElectricityReal Estate MumbaiAug 19, 2024
With this approval, Nepal would be exporting 941 MW of hydropower from 28 projects. Earlier, Nepal was exporting 690 MW of electricity from 16 projects.
This development comes as a significant boost to Nepal's power exports, which have been on the rise in recent years. Even before this 251 MW approval, Nepal had already become a net exporter of electricity and net revenue generator in the last fiscal year, selling NPR 16.93 billion worth of electricity.
Nepal first started its power exports by selling in the Day Ahead Market of the Indian Energy Exchange. Since then, India has also granted access to the Real-Time Market. Nepal Electricity Authority has also entered into medium-term power sales agreements with discoms in Haryana and Bihar.
India has also opened the provision of counting hydropower imports from Nepal as a part of the Hydropower Purchase Obligation (HPO) for buyers in India, which further incentivises buyers to purchase power from Nepal.
India and Nepal had reached an agreement for long-term power trade that envisages the sale of up to 10,000 MW of power from Nepal to India in the next 10 years. This is the first year of the agreement and around 1,000 MW of exports have already been reached.
An agreement for the sale of 40 MW of power to Bangladesh has also been finalised and was planned to be signed on July 28 but postponed due to the recent political developments in Bangladesh.
With these developments, Nepal is now on track to become the leading hydropower exporter of the South Asian region.
About Indian Embassy in Nepal: The Indian Embassy in Nepal is the diplomatic mission of India in Nepal. It is responsible for promoting and protecting the interests of India and its citizens in Nepal.
About Nepal Electricity Authority: The Nepal Electricity Authority is the state-owned electricity utility company of Nepal. It is responsible for the generation, transmission, and distribution of electricity in Nepal.
Frequently Asked Questions
What is the total amount of power that Nepal will be exporting to India after the recent approval?
Nepal will be exporting 941 MW of hydropower from 28 projects.
What is the significance of Nepal's power exports to India?
Nepal's power exports to India have been on the rise in recent years, and the country has already become a net exporter of electricity and net revenue generator.
What is the Hydropower Purchase Obligation (HPO) for buyers in India?
The HPO is a provision that incentivises buyers to purchase power from Nepal by counting hydropower imports from Nepal as a part of their purchase obligations.
What is the long-term power trade agreement between India and Nepal?
The agreement envisages the sale of up to 10,000 MW of power from Nepal to India in the next 10 years.
What is the current status of Nepal's power exports to Bangladesh?
An agreement for the sale of 40 MW of power to Bangladesh has been finalised, but the signing of the agreement has been postponed due to recent political developments in Bangladesh.
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