Fiscal Nepal
First Business News Portal in English from Nepal
KATHMANDU: India has allowed Nepal to sell an additional 325 MW of electricity to its electricity exchange market in competitive price.
Minister for Energy, Water Resources and Irrigation Pampha Bhusal told a press conference here at The Ministry of Energy, Water Resources and Irrigation on Wednesday that India had given permission to sell additional 325 MW of electricity to its exchange market.
Immediately after the visit of Prime Minister Sher Bahadur Deuba to India, the Ministry of Energy has given permission to three more projects under Nepal Electricity Authority and one project built by the private sector to enter the ‘Day Ahead’ market there.
According to a ministry, India has allowed 140 MW from Kali Gandaki A Hydropower Project, 67 MW from Marsyangdi Hydropower Project and 68 MW from Madhya-Msryandi Hydropower Project to be sold in Indian electricity market.
Similarly, a source said that India has given permission to sell 50 MW from Likhu IV Hydropower Project built by Green Venture. Earlier, India had given permission to sell electricity from 15 MW Devighat and 25 MW Trishuli hydropower projects.
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