Nepal will sell electricity to India at competitive rates for the first time. India has allowed its neighboring country to trade electricity in the Indian Power Exchange Market. The Energy Exchange, which comes under the Ministry of Power, has allowed trading on Monday in view of the vigorous efforts being made by Nepal. Now Nepal Electricity Authority (NEA) will be in a position to sell its surplus power.
Nepal's Minister of Energy, Water Resources and Irrigation Pampa Bhusal said, "After continuous efforts at the political, diplomatic and administrative level, we have got permission to sell surplus power. This step will prove to be a milestone in the energy trade between the two countries. It is expected that soon we will get permission to sell 456 MW from Upper Tamakoshi, 69 MW from Marsyangdi and 45 MW from Upper Bhotekoshi. In the first phase, 39 MW of electricity has been allowed to be traded on the Indian Energy Exchange. The generation of 24 MW will be at NEA-owned Trishuli Hydroelectric Project and 15 MW at Devighat Power Station.