Nepal | September 21, 2020

NEA allowed to trade power with India, Bangladesh

HIMALAYAN NEWS SERVICE
Share Now:

KATHMANDU, JULY 22

The government has given its nod to Nepal Electricity Authority to trade electricity with India and Bangladesh.

It is mandatory for the NEA to get the approval of the government for inter-country electricity trade.

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

NEA has been preparing for shortterm 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.

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

With the approval of the government, NEA will be able to trade electricity in India and Bangladesh in real time. This will make it easier for 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 government, NEA is exchanging electricity with the bordering Indian states when needed. NEA can now trade electricity in any state of India, said Kulman Ghising, managing director of 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 NEA will be able to trade electricity with the two countries by fixing the price on the basis of competition.

A version of this article appears in e-paper on July 23, 2020, of The Himalayan Times.

Follow The Himalayan Times on Twitter and Facebook

Recommended Stories:

More from The Himalayan Times:

Photo Gallery: Rohingya refugees receive relief in Kapan amid COVID-19 crisis

KATHMANDU, SEPTEMBER 21 Hiteri Foundation provided food relief packages to long-persecuted Rohingya Muslim refugees here in Kapan on Sunday, September 20. More than 175 families are taking shelter in Kapan after entering Nepal following a mass exodus from their native Myanamar. Also seen in pi Read More...

Nepali Army soldier Nepal’s first security person to die of COVID-19

KATHMANDU, SEPTEMBER 20 Country witnessed the first death of a security person due to COVID-19. The deceased, a 34-year-old soldier of Nepali Army was posted in Kathmandu. He hailed from Ramechhap district. However, Nepali Army has not yet revealed the identity of the deceased. The deceased wa Read More...

Mane double eases Liverpool to 2-0 win over 10-man Chelsea

LONDON: Two goals from Sadio Mane just after halftime eased champions Liverpool to a 2-0 win over 10-man Chelsea in the Premier League season's first heavyweight clash at Stamford Bridge on Sunday. A dull game never threatened to live up to the eight-goal thriller when the sides met in Read More...

Son and Kane combination leads Spurs rout of Southampton

SOUTHAMPTON: Son Heung-min scored four goals set up by Harry Kane as Tottenham Hotspur came from a goal down to overwhelm Southampton 5-2 on Sunday and earn their first Premier League win of the season. In an action-packed first half at St Mary's, both sides had a goal ruled out by VAR before Read More...

Women, children highly affected by COVID pandemic

KATHMANDU, SEPTEMBER 20 The National Women Commission today organised a webinar on ‘Impact of COVID-19 on Women and Initiatives Taken by NWC and Nepal Police in Addressing Gender Based Violence Issues’ to highlight impact of pandemic on women and children across the country. According to t Read More...

Thapa vows to establish RPP as strong force

KATHMANDU, SEPTEMBER 20 Chairperson of Rastriya Prajatantra Party Kamal Thapa today pledged to establish the party as a strong force. The country would become prosperous and sovereign only by pursuing the ideology RPP as Nepal is faced with complex geo-political situation, he claimed at a virt Read More...

NCP Secretariat dwells on Cabinet reshuffle

KATHMANDU, SEPTEMBER 20 The Secretariat of the ruling Nepal Communist Party (NCP) today began discussion on Cabinet reshuffle. NCP Spokesperson Narayan Kaji Shrestha said the meeting discussed policy issues regarding the Cabinet reshuffle from different angles, but it did not take a decision o Read More...

Ministry of Urban Development

Bancharedanda landfill site to be completed by mid-October

KATHMANDU, SEPTEMBER 20 State Minister of Urban Development Rambir Manandhar said construction of a sanitary landfill site at Bancharedanda on the border of Nuwakot and Dhading districts will be completed by mid-October. During monitoring of the under-construction landfill site today, State Mi Read More...