Export of electricity worth 4.19 billion rupees in July

According to the authority, electricity worth 131 million rupees was exported daily in July. Electricity trade with India is done in Indian rupees (Bharu). Therefore, two billion 62 million 12 lakh 3 thousand baht has been earned from the sale of electricity in the month of July. The average rate of electricity exported in July was 8 rupees 51 paise per unit. The authority said . Kulman Ghising, executive director of the

authority, said that until eight years ago, load shedding had to be done for 8/9 hours a day during the rainy season and 18 hours during the dry season. Currently, the surplus electricity consumed in the country during the rainy season has reached a state of exporting more than 700 megawatts daily . He says that even though the lights go off for a few moments due to natural and technical reasons, now there is no need to load-shedding due to not being able to supply electricity as per the demand.

'Our first priority is to increase the electricity consumption within the country, to increase the consumption, transmission and distribution system improvement and expansion works have been implemented as a campaign, the surplus electricity consumed internally will be exported to neighboring countries India and Bangladesh,' he said . Ghising said that by exporting electricity to India during the rainy season and earning significant foreign currency, it is positively contributing to the country's foreign exchange reserves and reducing the trade deficit between Nepal and India.

"Though we have to import electricity for a few more months in winter, the amount of import is gradually decreasing, we have become a net exporter from the net importer by selling the excess electricity consumed in the country from last year in the Indian market," he said.

The authority is selling the surplus electricity consumed within the country to the Indian company NTPC Vidyut Vyar Nigam Ltd (NVVN) at a competitive rate in the day-ahead and real-time market of the Indian Energy Exchange (IX) and in accordance with the bilateral medium-term electricity sales agreement. NVN is selling the electricity in the state of Haryana.

The Authority has so far received approval to sell 941 MW of electricity produced by 28 projects in the Indian market in accordance with the competitive market and medium-term electricity sales agreement. A few days ago, according to the bilateral agreement, an additional 251 MW of electricity was approved for the export of Bihar and Haryana in India. Out of this, 125.89 MW generated from two more hydropower projects will be sold to Haryana state through NVVN. At present, 109.61 MW of electricity generated from the two projects is being sold in the state of Haryana.

125 MW of electricity generated from 10 hydropower projects will be exported to the state of Bihar through PTC, India as per the mid-term agreement. For the first time to Bihar and more electricity to Haryana, after completing the technical process, the export will be started soon .

Currently, 580.89 MW of electricity produced by 14 projects is being sold at IX at a competitive rate. Due to the fact that the export of electricity in the amount approved a few days ago has not started, currently 690.50 MW of electricity is being exported to IX and Haryana on a daily basis. 10 percent of the approved amount of electricity can be exported . Therefore, more than 700 megawatts of electricity is being exported daily.

Electricity worth 16 billion 93 crore rupees was imported from India last year. During this period, electricity worth 17.6 billion rupees was exported. In the last year, Nepal has become a net exporter of electricity from being a net electricity importer by exporting electricity worth 130 million rupees more than imports.