Nepal Electricity Authority (NEA) has started to import 200 to 250 MW of electricity in the energy exchange market of India through Dhalkebar-Mujaffarpur from Saturday (May 1) midnight.
“Following this, Nepal is the first country in South Asia to enter the Energy Exchange market in India,” said NEA MD Hitendra Dev Shakya. He said that NEA is able to enter the Indian market just after getting permission due to well prepared before.
MD Shakya said that NEA will pay IC Rs.3.81 per unit including all the charges. The current import price is ICRS. 0.37 than earlier import adding that this saved Rs3.48 Million.
He said that the process for purchasing electricity for other days has already started. NEA is paying Rs.4.18 per unit for the electricity imported from Dhalkebar-Mujafarpur Cross Border Transmission line. NEA has been importing the highest volume of electricity from this cross-transmission line.
NEA and NPTC have an agreement to import up to 250 MW from July-November,300 MW December-April and 250 MW from May June through Dhalkebar-Mujaffarpur Cross Border Transmission line. The PPA is expiring on 30 June 2021.
“For the importing of electricity from Indian Exchange market, NEA will deal with NVVN. NVVN will send the transaction detail every day before 6 PM to NEA and NEA will clear the bill five days after NDVN claims,” said MD Shakya.
NEA is planning to export the surplus electricity generated by 456 MW Upper Tamakoshi following its completion in the coming year. “ Since Nepal is a part of the Indian energy exchange market and has entered the market, it will make it easier for export as well,” said MD Shakya.