Nepal sells power worth Rs 11.16 billion to India
KATHMANDU, DECEMBER 20: The Nepal Electricity Authority (NEA) has exported one billion 357 million 757 thousand units of electricity to India. The state power utility made an income of Rs 11 billion 163 million from the very export between June 2 to December 18.
It has sold 364 megawatts of power in the 'day-ahead market' of the Indian Energy Exchange Limited (IEX) through the competition since June 10. Such an amount of electricity was generated by six hydropower companies in the country. As the NEA recently agreed to purchase power from two more such companies, it will be able to sell a total of 408 megawatts to the southern neighbor.
The NEA had made an income of two billion 838 million 800 thousand rupees through the export of 299 million 100 thousand units of electricity between May 15 to July 16. It earned Rs 8 billion 324 million 240 thousand through the export of one billion 586 million 34 thousand units of power as of December 18 in the current fiscal year.
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