39MW of surplus electricity would be sent to India.

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Nepal has been granted permission to trade in electricity on the Indian energy market at a competitive rate, according to the government.

The Energy Exchange, which is under the jurisdiction India’s Power Ministry, obtained approval on Monday for Nepalese electricity to be exchanged on the Indian power exchange market.

In the first phase, 39MW electricity, including 24MW generated by the Nepal Electricity Authority’s Trishuli hydropower plant and 15MW generated by the Devighat power plant, has been approved for trade on the Indian Energy Exchange (IEX).

From midnight, the National Electricity Authority (NEA) will begin exporting electricity through the 400-kV Dhalkebar-Muzaffarpur inter-country transmission line. Until recently, this transmission line was only used to import electricity.

Nepal had already been granted authorization to and import electricity from the Indian Energy Exchange before to the earthquake. Because this, the NEA has been importing power at a competitive rate through the Indian Energy Exchange since April 30 of this year, as required. The power trade between Nepal and India has entered a new phase as a result of getting approval.

In a statement issued by the Energy, Water Resources and Irrigation, Minister stated that Nepal has become the first country in the South Asian region to engage into an agreement for the import and export electricity from and to India’s energy exchange market.

“After years persistent work at the political, diplomatic, and administrative levels, we have been granted permission to engage in the trade of surplus power.” “This is a watershed moment in the history of power trade between the two countries,” Minister Bhusal continued.

Furthermore, she stated, “We anticipate receiving approval for the sale electricity generated by the 456MW Upper Tamakoshi, the 69MW Marsyangdi, and the 45MW Upper Bhotekoshi power plants in the near future.”

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