Nepal has proposed selling an additional 222 MW of electricity to India as it is facing losses of up to 800 MW daily due to increasing electricity generation within the Himalayan nation and decreasing domestic demand.
Buoyed by surplus rainfall this year, Nepal is exporting surplus electricity to India through its power exchange market for the second consecutive year, according to the state-owned power utility body, Nepal Electricity Authority (NEA).
“We are facing from 400 to 800 MW as losses due to increasing electricity generation within the country and decreasing domestic demand,” said Pradeep Thike, Deputy Managing Director of NEA.
”We have asked the Indian authority for the approval of exporting an additional 222 MW of electricity for the last two months, but have not got any response from them,” he said.
Electricity worth nearly Rs 1.84 billion has been exported to India in the first month of the current fiscal year.
NEA started selling surplus electricity in the day-ahead market of Indian Energy Exchange Limited (IX) at competitive rates from June 2.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)