NEA exports power worth around Rs 2 billion to India in first month of current FY

The Nepal Electricity Authority (NEA) exported electricity worth approximately Rs 2 billion to neighboring India in the first month of the current fiscal year, 2022/23 beginning 17 July 2022

The NEA, the generator and distributor of electricity under the Government of Nepal, traded surplus power of over 242 million units worth Rs 1.83 billion to India where power demand in monsoon is higher, in one month of the current fiscal year, said the NEA. Similarly, currently, it is effortful to export additional 111 megawatts of electricity.     

While it earned a total of Rs 16.1 billion in profits from the sale of electricity in the previous fiscal year, 2021/22, the profit amounts from power export stood at Rs 59 million in the Nepali month of Shrawan in the current FY on a daily basis.     

The NEA started trading surplus energy from monsoon on the Day-Ahead Market of the Indian Energy Exchange Limited (IEX) on 2 June 2022.     

In the first place, power was traded with the IEX based on 39 megawatts from two powerhouses in Nuwakot. Thereafter, 364 megawatts of electricity trade took place from 10 June 2022 on a daily basis at competitive rates based on electricity generated from various six powerhouses in the country.     

Power exports took place through the 400 kV Dhalkebar-Muzaffarpur transmission line. In the previous FY, the NEA exported power worth Rs 3.8 billion. (RSS)