Nepal | September 26, 2020

India to buy at least 5,000 MW by 2030

‘Nepal needn’t worry about market for its surplus power’

Umesh Poudel
Share Now:

Kathmandu, November 21

Amid rising concerns about the market for surplus energy generated within the country, the Indian government has assured Nepal that it will buy huge quantum of electricity from Nepal in the near future.

Speaking at the seventh Power Summit organised by Independent Power Producers’ Association–Nepal here today, Aniruddha Kumar, joint secretary at India’s Ministry of Power, said, “We plan to buy 5,000 to 10,000 megawatts of hydropower energy from Nepal by 2030 and are open to buying more electricity as per our requirement.”

Stating that 80 per cent of India’s current energy needs are being met by fossil fuels, he said, “We plan to reduce our dependence on fossil fuels to 50 per cent by 2030 and for that we will be replacing our energy source with cleaner energy, such as hydropower.”

Speaking to THT, Kumar added that India had identified hydropower as the main source of renewable energy to balance its energy mix system. “Hydropower is a natural battery, so cross-border trade between Nepal and India is crucial to ensure a win-win situation for both sides.”

The Indian government has accelerated the work to build cross-border high-voltage transmission lines between Bhutan and India, he said, adding that Kathmandu and Delhi should also build such cross-border transmission lines to make transmission of electricity possible through mutual understanding.

“Furthermore, connectivity between Bangladesh, Bhutan, India and Nepal will also make it possible to supply the generated energy from one country to another,” Kumar emphasised.

Earlier, the government and independent power producers had expressed concerns about the surplus energy that would be generated within the country by the next fiscal.

“The Indian government’s commitment has filled Nepali investors with new optimism to increase investment in hydropower sector,” said Shailendra Guragain, president of IPPAN. “The government needs to speed up negotiations and ink necessary agreements with the Indian government so that Nepal can successfully export power to India and Bangladesh.”

Guragain added that the pace of bilateral, trilateral and multilateral talks needed to be ramped up to make export of Nepal’s hydro energy to neighbouring countries a possibility.

Dinesh Kumar Ghimire, secretary at the Ministry of Energy, Water Resources and Irrigation, said the Indian government had expressed interest in buying Nepali hydropower in the near future. He recalled that in the recent Joint Steering Committee meeting held in India, the Indian government had said it was keen to import a large quantum of electricity generated in Nepal.

“The government is ready to provide necessary support to ensure that Nepal’s vision of exporting energy to India and Bangladesh materialises,” said Ghimire, adding that there was no need to worry about the market for Nepal’s electricity.


Follow The Himalayan Times on Twitter and Facebook

Recommended Stories:

More from The Himalayan Times:

Perfection of Wisdom: Sacred texts of 'Pragya Paramita' inscribed in gold

KATHMANDU, SEPTEMBER 25 The holy book of 'Pragya Paramita' (Perfection of Wisdom) being inscribed in golden letters by guthi members for its preservation at the Golden Temple in Lalitpur on September 24, 2020. Thursday. The holy book contains transcriptions of Buddhist scriptures and is rewritten Read More...

Europe, UEFA

De Bruyne, Lewandowski, Neuer on UEFA player of the year shortlist

Kevin De Bruyne, Robert Lewandowski and Manuel Neuer have been short-listed for the UEFA men's Player of the Year award, European football's governing body said on Wednesday. Lewandowski guided Bayern Munich to their sixth Champions League title, finishing as the competition's top scorer with Read More...

COVID-19 pushes more children into poverty

KATHMANDU, SEPTEMBER 24 The number of children living in multi-dimensional poverty has soared to approximately 1.2 billion due to the impact of the COVID-19 pandemic, according to a new analysis published by UNICEF and Save the Children today. This is a 15 per cent increase in the number of ch Read More...

One buried to death, five missing in landslides

BHAIRAHAWA, SEPTEMBER 24 One person died and five others went missing in landslides at different places in Palpa this morning. In Surangdanda, ward 2 of Rambha Rural Municipality, Motisara Gaha, 27, died when a landslide buried his home. Similarly, in Phoksingkot of the same ward, five persons Read More...

In-person classes start in Sudurpaschim

DHANGADI, SEPTEMBER 24 Schools, which had remained shut for long due to the coronavirus pandemic, have started in-person classes in different districts of Sudurpaschim Province. The schools were closed for the last six months after the government imposed nationwide lockdown to stop the virus s Read More...

Students of public schools deprived of education

KATHMANDU, SEPTEMBER 24 Hundreds of students, mostly from public schools, across the country continue to be deprived of education due to lack of their access to electronic mediums like the internet, television and radio. The Ministry of Education has been encouraging educational institutions t Read More...

SAARC Council of Ministers holds virtual meeting

KATHMANDU, SEPTEMBER 24 Minister of Foreign Affairs Pradeep Kumar Gyawali urged member states of South Asian Association for Regional Cooperation to explore all viable options to hold the 19th SAARC Summit. Delivering his opening remarks at an informal meeting of the SAARC Council of Ministers Read More...