On October 30, Nepal sold 470,000 units of electricity to Bangladesh.
Nepal has earned 40 lakh 71 thousand rupees by selling electricity to Bangladesh. On October 30, Nepal sold electricity to Bangladesh. According to the Nepal Electricity Authority, 470,000 units of electricity were sold on that day.
According to Chandan Kumar Ghosh, spokesperson of the authority, the income is 30 thousand 80 dollars.
According to the foreign exchange rate of last November 30, it is 40 lakh 71 thousand rupees. But Ghosh says that Nepal will be paid in dollars. On October 17, an agreement was reached between Nepal, India and Bangladesh to sell electricity for 5 months of the rainy season, i.e. from June 15 to November 15 every year. Despite the
agreement, India should have given permission for the project to sell electricity to Bangladesh. Nepal exported electricity on November 15 after India gave its permission.
Nepal will export 40 MW of electricity produced from Trishuli and Chilime hydropower projects to Bangladesh at 18.60 and 21.40 MW respectively. The Central Electricity Authority of India has approved the export of 40 MW electricity generated from the two projects to Bangladesh till October 2, 2029.
Both these projects have received approval for power export in India. Next year, Nepal will start exporting electricity to Bangladesh again from June 15, 2025.
The Nepal Electricity Authority has sold 40 megawatts of electricity to Bangladesh for five years in US dollars. Electricity trade between Nepal and Bangladesh will be in dollars. The authority will get 6.40 US cents per unit for selling electricity to Bangladesh.
Nepal is about to earn income in dollars for the first time from the sale of electricity. Electricity trade with India has been increasing. The authority will get the price of electricity exported to Bangladesh at the Muzaffarpur point in India. Technical leakage of transmission line from Dhalkebar to Muzaffarpur will be borne by the authority itself.
The electricity will reach India's Muzaffarpur substation through the first international Dhalkebar-Muzaffarpur 400 kV transmission line between Nepal and India. After that, electricity will reach Bangladesh through the Behrampur (India)-Bhedamara (Bangladesh) 400 kV transmission line between India-Bangladesh through India's transmission line from Muzaffarpur substation, the authority said.
After the Muzaffarpur point, Bangladesh will bear all taxes and duties including transmission line charges, leakages and trading margin charged by India. A tripartite power sale agreement was signed between Nepal Electricity Authority, India's NTPC Electricity Trading Corporation (NVVN) and Bangladesh Power Development Board (BPDB) on October 17 to send 40 megawatts of electricity from Nepal to Bangladesh using the Indian transmission grid.
After the tripartite power sale agreement, the authority sent the list of projects for Bangladesh electricity export approval to the Central Electricity Authority of India on October 23. Export of electricity has been started after approval by the Central Electricity Authority of India.
According to the provisions in the law, BPDB 2080 on 16th December, a tender was called for the purchase of 40 megawatts of electricity produced from Nepal for a period of five years as per the tripartite agreement between the entities of Bangladesh, India and Nepal.
The authority had submitted a tender document with the rate of electricity to be sold in the prescribed format for the sale of electricity. After the bid submitted by the authority was accepted, the process of tripartite power sale agreement was advanced.
