Fiscal Nepal
First Business News Portal in English from Nepal
KATHMANDU: Nepal Electricity Authority (NEA) has received authorization to purchase electricity from the Indian market. As per the Indian Minister of Energy, NEA is authorized to import electricity purchasing through the energy exchange market.
NEA had submitted an application to receive the membership of the Indian energy exchange market. Based on the same application, NEA has been authorized to purchase electricity from the exchange market.
Madan Timsina, spokesperson of NEA, said the process to receive the permit to sell electricity is underway. For now, NEA has received approval only to buy electricity.
At present, NEA has been purchasing electricity from NTPC, NVVN, Power Trade Company, Electricity Distribution Companies of Bihar, Utter Pradesh and Uttarakhand. MD Shakya said that NEA can now directly purchase electricity from India.
Due to lack of rain and air pollution, the level of water has drastically declined in the rivers even the mid of April. Due to this, the electricity generation in Run of the River projects and picking projects has declined drastically. At a time when the country’s electricity generation has been declining, the demand for electricity has gone up. NEA has compelled to import additional electricity from India.
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