Nepal Exported Electricity Worth Rs 60 Crore to India in 2019-20

Nepal has exported electricity worth nearly one billion Nepali rupees to India in the last fiscal year, according to a report published by the NEA.

Nepal has exported electricity worth nearly one billion Nepali rupees to India in the last fiscal year, according to a report published by the Nepal Electricity Authority (NEA). During the year, Nepal was able to export electricity worth 95 crores 70 lakhs Nepali rupees (~ Rs 60 crore) to India as per a power deal signed by the two countries.

Earlier, the Himalayan nation had set a target of selling nine crore units of electricity while it was able to send 10 crores and 70 lakh units last year, the NEA report said.

“Nepal exported a total of two crores and 96 lakh units of electricity to India between mid-September and November, which was the highest flow of electricity during the fiscal year of 2076-77. The least was recorded between mid-April and May when 10,000 thousand units were only exported,” Prabal Adhikari, spokesperson at NEA, said.

“It was transported to India via Kushwaha-Kataiya, Parwanipur-Raxaul, Dhalkebar-Muzaffarpur and Ramnagar,” he added.

In 2072-73 (2015-16) fiscal year, Nepal exported 31 lakh units of electricity, 26 lakhs 90 thousand units in 2073-74 (2016-17), 29 lakhs 40 thousand in 2074-75 (2017-18), three crores 47 lakh in 2075-76 (2018-19) and 10 crores 70 lakh units to India in 2076-77 (2019-20).

This has shown Nepal’s increased income from the power sector by selling it to India because of favourable terrain and interconnectivity.

As per the ANI report, Nepal and India previously had a capacity to ferry 350 MW electricity using the trans-border connectivity line, which has been expanded to 1,500 MW. Both countries are involved in a study over an additional cross-border connectivity line, which has been named as Butwal-Gorakhpur Mainhiya-Sampatiya, Inaruwa-Purniya, Lamki-Bareli and Kohalpur-Nanpara transmission lines.

In July, we had reported that the International Finance Corporation (IFC), a member of the World Bank Group, is providing a USD 25 million loan to NMB Bank, one of Nepal’s premier banks, to boost financing for green projects and small and medium enterprises (SMEs) in Nepal.