Export of additional 251 MW power from 12 hydropower projects in Nepal was approved by India’s designated authority for cross-border trade.
For the first time, Nepal will export electricity to Bihar through a medium-term power sales agreement.
With this approval, the total sanctioned quantity has increased from 690 MW from 16 projects to 941 MW from 28 projects.
Even before the approval of this 251 MW, Nepal had become a net exporter of electricity, earning net revenue of 16.93 billion Nepalese rupees by selling electricity in the last financial year.
In October 2021, for the first time, India approved the export of 39 MW of electricity from Nepal. In less than three years, this figure has increased more than 24 times.
Nepal Electricity Authority has also signed medium term power sales agreements with distribution companies of Haryana and Bihar.
The long-term power agreement between India and Nepal envisages sale of up to 10,000 MW of power from Nepal to India over the next 10 years.
