Nepal exported electricity of Rs 11.80 billion to India during the peak this season

Kathmandu; Nepal exported electricity worth Rs 11.80 billion to India during the peak production season this year. According to Nepal Electricity Authority (NEA), it generated the revenue amount from selling electricity during more than four months’ period between June 11 and October 17.

During the first 36 days of June and July, the NEA sold electricity of Rs 2.15 billion to India at the rate of Rs 9.67 per unit. Similarly, in the latter three months (mid-July and mid-October, the export earnings out of the electricity business was Rs 9.64 billion. In these three months, the average rate of electricity stood at Rs 10.27 per unit.

According to the NEA, Nepal exported electricity of Rs 2.14 billion in the first month of the current fiscal year. Likewise, the export earnings were Rs 3.47 billion and Rs 4.02 billion in the two consecutive months, respectively. The rates of electricity in these three months were Rs 8.43 per unit, Rs 11.97 per unit and Rs 10.20 per unit, respectively.    

Kulman Ghising, managing director of the NEA, said they have projected to earn Rs 16 billion out of the electricity business in the season this year. “We have been seeking to receive permission to export an additional 100 MW of electricity and are in constant follow up for the same,” he said.