• Monday, Apr 12, 2021
  • Last Update : 10:28 am

Nepal allows electricity trade with Bangladesh, India

  • Published at 08:36 pm July 23rd, 2020
Representational photo Bigstock

With the approval, the NEA will be able to trade electricity in India and Bangladesh in real time

The government of Nepal has given its nod to the Nepal Electricity Authority (NEA) to trade electricity with Bangladesh and India.

It is mandatory for the NEA to get the approval of the government for inter-country electricity trade, reports The Himalayan Times.

Minister of Energy, Water Resources and Irrigation Barshaman Pun said the Cabinet meeting on Monday had given the approval to sell electricity to India and Bangladesh when the domestic production was high and to import electricity from the neighbouring countries when the production was low. With the government’s approval, the NEA will now be able to buy and sell electricity at competitive price.

“Like trade in goods, electricity trade has also been approved in real time,” said Pun.

He said that the NEA was given permission for inter-country trade so that it could keep record of electricity trade and price. The NEA has also been given approval for electricity trade so that documents can be exchanged through electronic medium.

The NEA has been preparing for short term sale of electricity in India’s energy exchange market for a long time. In the energy exchange market of India, similar to shares, electricity can be bought and sold in real time.

The NEA has designated Indian NTPC Vidyut Vyapar Nigam Ltd as its nodal agency to represent it in the market.

With the approval, the NEA will be able to trade electricity in India and Bangladesh in real time. This will make it easier for the NEA to sell electricity to India or Bangladesh immediately when there is surplus electricity at night or in the afternoon.

As per the agreement with the Nepalese government, the NEA is exchanging electricity with the bordering Indian states when needed. The NEA can now trade electricity in any state of India, said Kulman Ghising, managing director of the NEA.

According to Energy Secretary Dinesh Ghimire, the government’s nod has come at a time when Nepal’s power generation is increasing.

Cabinet approval means that the NEA will be able to trade electricity with the two countries by fixing the price on the basis of competition.

Facebook 51
blogger sharing button blogger
buffer sharing button buffer
diaspora sharing button diaspora
digg sharing button digg
douban sharing button douban
email sharing button email
evernote sharing button evernote
flipboard sharing button flipboard
pocket sharing button getpocket
github sharing button github
gmail sharing button gmail
googlebookmarks sharing button googlebookmarks
hackernews sharing button hackernews
instapaper sharing button instapaper
line sharing button line
linkedin sharing button linkedin
livejournal sharing button livejournal
mailru sharing button mailru
medium sharing button medium
meneame sharing button meneame
messenger sharing button messenger
odnoklassniki sharing button odnoklassniki
pinterest sharing button pinterest
print sharing button print
qzone sharing button qzone
reddit sharing button reddit
refind sharing button refind
renren sharing button renren
skype sharing button skype
snapchat sharing button snapchat
surfingbird sharing button surfingbird
telegram sharing button telegram
tumblr sharing button tumblr
twitter sharing button twitter
vk sharing button vk
wechat sharing button wechat
weibo sharing button weibo
whatsapp sharing button whatsapp
wordpress sharing button wordpress
xing sharing button xing
yahoomail sharing button yahoomail