Kathmandu, 6 May 2022 Nepal Electricity Authority (NEA) has invited tenders to sell the electricity stored in Nepal during the rainy season at competitive rates in India. NEA on Friday called for tenders and sought proposals from Indian companies for the sale of 200 MW of electricity generated from hydropower projects in Nepal.
NEA will sell the electricity stored in the country for five months, i.e. from 17th of Asar to 29th of Kartik, 2079.
NEA Managing Director Kulman Ghising said that trading companies, power distribution companies and others licensed for electricity trade through the Central Electricity Regulatory Commission of India will be able to participate in the competition for the purchase of electricity.
“We have received approval to sell up to 364 MW of electricity in the Indian market, out of which we have invited tenders to sell 200 MW to those who bid higher rates through competition,” said Ghising. “The remaining electricity will be sold on the Indian Energy Exchange (IX). The entire tender process will be completed and the selected companies will be provided electricity from July 1,” he said.
Companies wishing to purchase electricity from Nepal will be able to submit their proposals by 12 noon on 13 June and the proposal will be opened at 1 pm on the same day. Provision has been made for interested companies not to submit proposal for purchase of less than 50 MW. Companies are required to make an Earnest Money Deposit of 30,000 Indian Rupees (Rs. 48,000) per MW for the amount they offer.
India has given approval to NEA for sale in the Indian market considering the electricity generated from six power houses in Nepal as a source. The electricity saved by consuming in the country will be exported through Dhalkebar-Muzaffarpur 400 KV inter-country transmission line. Nepal has received approval to export 364 MW of electricity generated from Likhu-4 of NEA-owned Trishuli, Devighat, Kaligandaki ‘A’, Madhyamsryandi, Marsyangdi and private sector Green Ventures Ltd.