The Nepal Electricity Authority exported more than 12,00,00,00,000rupees worth of electricity to India in the first four months of the current fiscal year 2023/24. The Authority has earned 12,50,08,00,000 rupees by exporting 1,36,12,00,000units of electricity in mid July/Aug, mid Aug/sept, mid sept/Oct and mid Oct/Nov of the current year.
Compared to the same period of the previous fiscal year 2022/23, the electricity export increased by 4,86,44,00,000rupees. In the first four months of the previous fiscal year, exporting 98,38,00,000 units of electricity earned 7,63,64,00,00 rupees.
The electricity, generated from domestic consumption savings by the authority, started selling in the Indian market from the 11th of Jun of the last fiscal year. From Jun to Nov, the export of approximately 1,62,16,00,000. units of electricity has earned around 14,50,21,00,000 rupees.
The authority exported 2,14,76,00,000 in Jul/Aug, 3,47,85,00,000 in mid Aug/Sept, 4,17,77,00,000 in Mid Sep/Oct and 2,69,70,00,000 rupees worth of electricity in mid Sep/Oct. The overall average selling price per unit of electricity for the four months is 9 rupees 18 paisa. In the previous year, the overall average selling price per unit for the same duration was 7 rupees 76 paisa.
Managing Director Kulman Ghising mentioned that the electricity export during the four-month period generated 7,84,80,00,000 Indian Rupees, contributing to foreign currency reserves and reducing the trade deficit between Nepal and India.
The Authority has been exporting the electricity generated from domestic consumption savings to India for the past year. Under the Day-Ahead Market and the Medium-Term Electricity Agreement, the Authority has been selling approximately 110 megawatts of electricity to the Indian company NTPC Vidyut Vyapar Nigam Limited (NVVN). NVVN has been selling this electricity in the Haryana state.
The Central Electricity Regulatory Authority of India has granted approval for export in the competitive market, allowing the sale of around 44 megawatts of electricity from the initial phase of approximately 522 megawatts in the real-time market as well.
The Nepal Electricity Authority has received approval for exporting 522 megawatts in the competitive market and 110 megawatts to NTPC Vidyut Vyapar Nigam Limited (NVVN) for a total of 632 megawatts. Among these, 562 megawatts are being exported via the Dhalkebar-Mujaffarpur 400 kV inter-country transmission line, and 70 megawatts through the Mahendranagar-Tanakpur 132 kV transmission line.
